Nano-X Imaging (NASDAQ:NNOX) Given "Buy" Rating at D. Boral Capital

Nano-X Imaging (NASDAQ:NNOX - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at D. Boral Capital in a research report issued on Friday,Benzinga reports. They currently have a $10.00 price target on the stock. D. Boral Capital's price target would suggest a potential upside of 81.16% from the company's previous close.

Several other research firms have also recently weighed in on NNOX. Cantor Fitzgerald lowered their price target on Nano-X Imaging from $12.00 to $9.00 and set an "overweight" rating on the stock in a report on Tuesday, April 1st. Alliance Global Partners restated a "buy" rating on shares of Nano-X Imaging in a research report on Thursday, May 22nd.

Nano-X Imaging Price Performance

NNOX stock traded down $0.01 during mid-day trading on Friday, hitting $5.52. 862,815 shares of the stock were exchanged, compared to its average volume of 1,750,801. The business has a fifty day moving average price of $5.04 and a 200 day moving average price of $6.28. Nano-X Imaging has a 12 month low of $3.75 and a 12 month high of $11.00. The stock has a market capitalization of $318.94 million, a price-to-earnings ratio of -6.49 and a beta of 1.99.

Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.02. The firm had revenue of $3.00 million during the quarter, compared to analysts' expectations of $3.98 million. Nano-X Imaging had a negative net margin of 465.38% and a negative return on equity of 27.63%. As a group, equities analysts forecast that Nano-X Imaging will post -0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Nano-X Imaging

Institutional investors have recently modified their holdings of the stock. ARK Investment Management LLC boosted its holdings in Nano-X Imaging by 19.0% in the 4th quarter. ARK Investment Management LLC now owns 300,757 shares of the company's stock worth $2,165,000 after buying an additional 48,124 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Nano-X Imaging in the fourth quarter valued at approximately $251,000. Stifel Financial Corp increased its position in shares of Nano-X Imaging by 98.9% during the fourth quarter. Stifel Financial Corp now owns 23,318 shares of the company's stock worth $168,000 after acquiring an additional 11,596 shares during the period. Geode Capital Management LLC increased its position in shares of Nano-X Imaging by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 688,512 shares of the company's stock worth $4,957,000 after acquiring an additional 10,659 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Nano-X Imaging by 132.2% during the fourth quarter. Cetera Investment Advisers now owns 32,441 shares of the company's stock worth $234,000 after acquiring an additional 18,469 shares during the period. Hedge funds and other institutional investors own 21.49% of the company's stock.

Nano-X Imaging Company Profile

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.