Nano-X Imaging Ltd. (NASDAQ:NNOX) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst consensus: Six analysts rate Nano‑X with an average of "Moderate Buy" (3 strong buys, 1 buy, 2 sells) and a 12‑month consensus price target of $5.00.
• Recent results missed expectations: The company reported Q EPS of -$0.50 versus a -$0.15 estimate and revenue of $3.72M versus $3.99M, leaving it with a very large negative net margin (680.11%) and negative ROE.
• Market position and ownership: NNOX trades around $1.72 with a $112.45M market cap (12‑month range $1.70–$5.86), and institutional investors own about 21.49% of the stock, including a multi‑million dollar stake by Weiss Asset Management.

Nano-X Imaging Ltd. (NASDAQ:NNOX - Get Free Report) has earned an average rating of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $5.00.

Several equities research analysts have issued reports on the company. Zacks Research cut Nano-X Imaging from a "hold" rating to a "strong sell" rating in a research note on Wednesday. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Nano-X Imaging in a research note on Friday, April 10th. D. Boral Capital reiterated a "buy" rating and set a $5.00 price target on shares of Nano-X Imaging in a report on Monday. Finally, Cantor Fitzgerald raised Nano-X Imaging to a "strong-buy" rating in a research report on Wednesday, March 4th.

Institutional Investors Weigh In On Nano-X Imaging

Institutional investors have recently made changes to their positions in the stock. Aristides Capital LLC acquired a new position in shares of Nano-X Imaging in the 4th quarter worth approximately $30,000. Virtu Financial LLC increased its holdings in Nano-X Imaging by 26.4% in the 4th quarter. Virtu Financial LLC now owns 72,535 shares of the company's stock valued at $203,000 after purchasing an additional 15,169 shares during the last quarter. Millennium Management LLC purchased a new stake in Nano-X Imaging in the fourth quarter valued at approximately $91,000. Engineers Gate Manager LP lifted its stake in Nano-X Imaging by 272.2% during the fourth quarter. Engineers Gate Manager LP now owns 52,844 shares of the company's stock worth $148,000 after purchasing an additional 38,648 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in Nano-X Imaging during the fourth quarter worth $8,424,000. 21.49% of the stock is currently owned by institutional investors and hedge funds.

Nano-X Imaging Price Performance

Shares of NNOX stock opened at $1.72 on Friday. The company has a market capitalization of $112.45 million, a PE ratio of -1.08 and a beta of 1.39. The firm's 50-day moving average is $2.41 and its two-hundred day moving average is $3.02. Nano-X Imaging has a 12 month low of $1.70 and a 12 month high of $5.86.

Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last posted its quarterly earnings results on Monday, April 20th. The company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.35). The firm had revenue of $3.72 million during the quarter, compared to analysts' expectations of $3.99 million. Nano-X Imaging had a negative net margin of 680.11% and a negative return on equity of 48.75%. During the same period last year, the company earned ($0.21) EPS. Sell-side analysts forecast that Nano-X Imaging will post -0.65 EPS for the current year.

Nano-X Imaging Company Profile

Nano-X Imaging Ltd. is a medical technology company developing and commercializing a digital X-ray imaging platform designed to lower the cost and increase the accessibility of diagnostic imaging. Its flagship product, the Nanox.ARC, leverages a proprietary micro-electromechanical system (MEMS) based digital X-ray source and advanced image processing software to provide 2D and 3D imaging capabilities on a compact footprint. The system aims to streamline radiology workflows and facilitate point-of-care diagnostics in hospitals, clinics and outpatient settings.

The Nanox.ARC platform integrates a novel cold cathode X-ray source, which enables multiple emission points without the need for rotating anode tubes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.