Nano-X Imaging's (NNOX) Buy Rating Reaffirmed at D. Boral Capital

Nano-X Imaging (NASDAQ:NNOX - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at D. Boral Capital in a report issued on Friday,Benzinga reports. They presently have a $10.00 price target on the stock. D. Boral Capital's price objective would indicate a potential upside of 80.83% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Cantor Fitzgerald decreased their price target on shares of Nano-X Imaging from $12.00 to $9.00 and set an "overweight" rating for the company in a research note on Tuesday, April 1st. Alliance Global Partners reiterated a "buy" rating on shares of Nano-X Imaging in a report on Thursday, May 22nd.

Nano-X Imaging Stock Performance

Shares of Nano-X Imaging stock traded up $0.40 during midday trading on Friday, reaching $5.53. 1,397,303 shares of the company's stock traded hands, compared to its average volume of 1,749,256. The stock has a 50 day moving average of $5.04 and a 200-day moving average of $6.27. Nano-X Imaging has a 12 month low of $3.75 and a 12 month high of $11.00. The company has a market cap of $319.52 million, a PE ratio of -6.51 and a beta of 1.99.

Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.23) by $0.02. Nano-X Imaging had a negative net margin of 465.38% and a negative return on equity of 27.63%. The business had revenue of $3.00 million for the quarter, compared to the consensus estimate of $3.98 million. On average, equities analysts anticipate that Nano-X Imaging will post -0.92 earnings per share for the current fiscal year.

Institutional Trading of Nano-X Imaging

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

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.