Nano-X Imaging (NASDAQ:NNOX) Receives Buy Rating from D. Boral Capital

Nano-X Imaging (NASDAQ:NNOX - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at D. Boral Capital in a research note issued on Thursday,Benzinga reports. They presently have a $15.00 price objective on the stock. D. Boral Capital's price objective would suggest a potential upside of 201.20% from the stock's previous close.

Separately, Cantor Fitzgerald cut their price target on shares of Nano-X Imaging from $12.00 to $9.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st.

Nano-X Imaging Stock Up 4.8 %

NNOX stock traded up $0.23 during mid-day trading on Thursday, reaching $4.98. 794,920 shares of the company traded hands, compared to its average volume of 2,535,415. The stock has a market cap of $287.74 million, a price-to-earnings ratio of -5.86 and a beta of 2.03. Nano-X Imaging has a fifty-two week low of $3.75 and a fifty-two week high of $11.00. The firm's 50 day moving average price is $5.54 and its 200 day moving average price is $6.46.

Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last announced its quarterly earnings results on Monday, March 31st. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The company had revenue of $3.00 million for the quarter, compared to the consensus estimate of $3.80 million. Nano-X Imaging had a negative return on equity of 27.63% and a negative net margin of 465.38%. On average, analysts anticipate that Nano-X Imaging will post -0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wesbanco Bank Inc. raised its stake in shares of Nano-X Imaging by 161.6% during the 1st quarter. Wesbanco Bank Inc. now owns 64,750 shares of the company's stock worth $323,000 after purchasing an additional 40,000 shares during the period. Rhumbline Advisers grew its position in shares of Nano-X Imaging by 6.6% during the 1st quarter. Rhumbline Advisers now owns 76,728 shares of the company's stock valued at $383,000 after acquiring an additional 4,756 shares during the period. GAMMA Investing LLC grew its position in shares of Nano-X Imaging by 1,755.9% during the 1st quarter. GAMMA Investing LLC now owns 7,962 shares of the company's stock valued at $40,000 after acquiring an additional 7,533 shares during the period. PharVision Advisers LLC purchased a new stake in shares of Nano-X Imaging during the 4th quarter worth approximately $80,000. Finally, ProShare Advisors LLC raised its holdings in shares of Nano-X Imaging by 50.9% in the 4th quarter. ProShare Advisors LLC now owns 15,464 shares of the company's stock worth $111,000 after purchasing an additional 5,216 shares during the period. Hedge funds and other institutional investors own 21.49% of the company's stock.

About Nano-X Imaging

Nano-X Imaging Ltd. develops a commercial-grade tomographic imaging device with a digital X-ray source. The company provides teleradiology services and develops artificial intelligence applications to be used in real-world medical imaging applications. Its X-ray source is based on a digital micro-electro-mechanical systems semiconductor cathode.