Is Nanometer Storage Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Nanometer Storage Corp (SHGR) is currently classified as NOT HALAL as of January 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Nanometer Storage Corp a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Nanometer Storage Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Nanometer Storage Corp?

Muslim investors may consider investing in Nanometer Storage Corp if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Nanometer Storage Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Nanometer Storage Corp by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Nanometer Storage Corp updated?

The Shariah compliance status of Nanometer Storage Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Nanometer Storage Corp become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Nanometer Storage Corp?

You can check the latest Shariah compliance status of Nanometer Storage Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

SHGR Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 13, 2025

Report Source: 2024 3rd Quarter Report

Nanometer Storage Corp. Stock Analysis SHGR

United States N/A Nano Cap Report: Q3, 2024

The company is headquartered in Mountain View, California. The company went IPO on 2010-06-24.

Key Statistics of Nanometer Storage Corp (SHGR)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$2.37$2.37

Today's Open

$2.37

Volume

100.00

P/E Ratio (TTM)

52 Week Range

$1.60$8.00

Market Cap

33.78M

Avg. Volume