Nano-X Imaging (NASDAQ:NNOX) Upgraded to "Strong-Buy" at LADENBURG THALM/SH SH

Nano-X Imaging (NASDAQ:NNOX - Get Free Report) was upgraded by stock analysts at LADENBURG THALM/SH SH to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

NNOX has been the topic of several other research reports. Cantor Fitzgerald dropped their price objective 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. Alliance Global Partners reiterated a "buy" rating on shares of Nano-X Imaging in a research report on Thursday, May 22nd. Finally, D. Boral Capital reiterated a "buy" rating and set a $10.00 target price on shares of Nano-X Imaging in a research report on Friday, June 6th.

Nano-X Imaging Price Performance

Shares of NASDAQ:NNOX traded up $0.07 during trading on Monday, reaching $5.14. 1,627,707 shares of the company's stock traded hands, compared to its average volume of 1,733,574. Nano-X Imaging has a 12 month low of $3.75 and a 12 month high of $11.00. The company has a 50 day moving average of $5.24 and a 200-day moving average of $5.92. The stock has a market capitalization of $296.99 million, a P/E ratio of -5.71 and a beta of 1.96.

Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The company reported ($0.21) earnings per share for the quarter, topping analysts' consensus estimates of ($0.23) by $0.02. Nano-X Imaging had a negative net margin of 472.19% and a negative return on equity of 30.92%. The company had revenue of $3.00 million during the quarter, compared to analyst estimates of $3.98 million. Equities research analysts predict that Nano-X Imaging will post -0.92 earnings per share for the current fiscal year.

Institutional Trading of Nano-X Imaging

Several hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE grew its position in Nano-X Imaging by 388.7% in the fourth quarter. US Bancorp DE now owns 3,470 shares of the company's stock valued at $25,000 after purchasing an additional 2,760 shares in the last quarter. GAMMA Investing LLC lifted its stake 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 worth $40,000 after buying an additional 7,533 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Nano-X Imaging by 464.9% during the 4th quarter. Quadrant Capital Group LLC now owns 7,016 shares of the company's stock worth $51,000 after buying an additional 5,774 shares during the last quarter. Vident Advisory LLC acquired a new stake in shares of Nano-X Imaging during the 1st quarter worth about $55,000. Finally, PFG Advisors raised its stake in Nano-X Imaging by 25.3% in the 1st quarter. PFG Advisors now owns 12,782 shares of the company's stock worth $64,000 after purchasing an additional 2,582 shares in the last quarter. Institutional investors and hedge funds 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.