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

Key Points

• D. Boral Capital reaffirmed its "Buy" rating on Nano‑X Imaging with a $5.00 price target, implying about a 75% upside from the stock's prior close.
• Analyst sentiment is mostly positive — three Strong Buy, one Buy and one Sell — giving a consensus rating of Buy and a consensus target of $5.00.
• NANO‑X shares opened at $2.85, trade in a 52‑week range of $2.11–$5.86, have a market cap of about $186 million and roughly 21.5% ownership by hedge funds and institutional investors.

Nano-X Imaging (NASDAQ:NNOX - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at D. Boral Capital in a research report issued on Monday,Benzinga reports. They presently have a $5.00 target price on the stock. D. Boral Capital's price objective would indicate a potential upside of 75.44% from the stock's previous close.

Several other equities research analysts also recently issued reports on the company. Cantor Fitzgerald upgraded Nano-X Imaging to a "strong-buy" rating in a report on Wednesday, March 4th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Nano-X Imaging in a report on Friday, April 10th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $5.00.

Nano-X Imaging Price Performance

NASDAQ:NNOX opened at $2.85 on Monday. Nano-X Imaging has a 52 week low of $2.11 and a 52 week high of $5.86. The stock's fifty day moving average is $2.44 and its two-hundred day moving average is $3.06. The stock has a market capitalization of $186.33 million, a price-to-earnings ratio of -2.16 and a beta of 1.39.

Institutional Trading of Nano-X Imaging

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP raised its stake in shares of Nano-X Imaging by 56.6% during the second quarter. Engineers Gate Manager LP now owns 26,248 shares of the company's stock worth $136,000 after purchasing an additional 9,486 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Nano-X Imaging by 8.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,182 shares of the company's stock worth $182,000 after acquiring an additional 2,724 shares during the period. Atom Investors LP boosted its holdings in shares of Nano-X Imaging by 38.0% in the fourth quarter. Atom Investors LP now owns 81,100 shares of the company's stock valued at $227,000 after acquiring an additional 22,340 shares in the last quarter. UBS Group AG increased its stake in shares of Nano-X Imaging by 68.8% during the third quarter. UBS Group AG now owns 1,086,645 shares of the company's stock worth $4,021,000 after acquiring an additional 442,899 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Nano-X Imaging by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 824,594 shares of the company's stock worth $2,309,000 after acquiring an additional 37,436 shares during the period. 21.49% of the stock is owned by hedge funds and other institutional investors.

About Nano-X Imaging

Nano-X Imaging Ltd. is a medical technology company developing and commercializing a digital X-ray imaging platform designed to lower the cost and increase the accessibility of diagnostic imaging. Its flagship product, the Nanox.ARC, leverages a proprietary micro-electromechanical system (MEMS) based digital X-ray source and advanced image processing software to provide 2D and 3D imaging capabilities on a compact footprint. The system aims to streamline radiology workflows and facilitate point-of-care diagnostics in hospitals, clinics and outpatient settings.

The Nanox.ARC platform integrates a novel cold cathode X-ray source, which enables multiple emission points without the need for rotating anode tubes.

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