Nano-X Imaging (NASDAQ:NNOX - Free Report) had its price target lowered by D. Boral Capital from $10.00 to $8.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.
Other equities research analysts also recently issued reports about the company. LADENBURG THALM/SH SH upgraded Nano-X Imaging to a "strong-buy" rating in a report on Monday, July 14th. Alliance Global Partners raised Nano-X Imaging to a "strong-buy" rating in a research report on Monday, August 11th.
View Our Latest Report on Nano-X Imaging
Nano-X Imaging Price Performance
Shares of NNOX traded down $0.16 during midday trading on Wednesday, hitting $4.26. The stock had a trading volume of 1,554,939 shares, compared to its average volume of 1,777,775. The stock's 50 day moving average is $5.05 and its 200 day moving average is $5.40. The firm has a market cap of $246.14 million, a PE ratio of -4.73 and a beta of 1.95. Nano-X Imaging has a 1 year low of $3.75 and a 1 year high of $11.00.
Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The firm had revenue of $3.04 million for the quarter, compared to the consensus estimate of $3.20 million. Nano-X Imaging had a negative net margin of 468.29% and a negative return on equity of 32.09%. As a group, equities research analysts expect that Nano-X Imaging will post -0.92 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Nano-X Imaging
A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of Nano-X Imaging by 1,755.9% during the first 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 in the last quarter. Vident Advisory LLC purchased a new position in Nano-X Imaging during the 1st quarter worth $55,000. Fox Run Management L.L.C. bought a new stake in Nano-X Imaging during the 2nd quarter valued at $57,000. Gainplan LLC purchased a new stake in shares of Nano-X Imaging in the 2nd quarter worth $59,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Nano-X Imaging by 193.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 11,994 shares of the company's stock worth $62,000 after buying an additional 7,910 shares during the period. 21.49% of the stock is currently owned by institutional investors.
About Nano-X Imaging
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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.
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