S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83
S&P 500   4,686.75
DOW   35,719.43
QQQ   397.83

Nano-X Imaging Ltd. (NASDAQ:NNOX) Given Consensus Rating of "Buy" by Brokerages

Thursday, July 29, 2021 | MarketBeat

Nano-X Imaging Ltd. (NASDAQ:NNOX) has received an average rating of "Buy" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $61.33.

A number of brokerages recently weighed in on NNOX. LADENBURG THALM/SH SH began coverage on shares of Nano-X Imaging in a research report on Monday, April 26th. They issued a "buy" rating and a $52.00 price target on the stock. Lifesci Capital reiterated an "outperform" rating on shares of Nano-X Imaging in a research report on Thursday, June 3rd.

Shares of NASDAQ NNOX opened at $28.63 on Thursday. The company has a market cap of $1.36 billion and a price-to-earnings ratio of -23.28. Nano-X Imaging has a 1 year low of $19.05 and a 1 year high of $94.81. The company has a 50-day simple moving average of $28.54.

Nano-X Imaging (NASDAQ:NNOX) last issued its earnings results on Tuesday, May 11th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.09. Analysts predict that Nano-X Imaging will post -1.14 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Virtu Financial LLC raised its holdings in Nano-X Imaging by 30.3% during the 1st quarter. Virtu Financial LLC now owns 11,013 shares of the company's stock worth $456,000 after buying an additional 2,562 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Nano-X Imaging during the 1st quarter worth approximately $796,000. Royal Bank of Canada raised its holdings in Nano-X Imaging by 273.2% during the 1st quarter. Royal Bank of Canada now owns 1,198 shares of the company's stock worth $50,000 after buying an additional 877 shares during the period. Captrust Financial Advisors acquired a new stake in Nano-X Imaging during the 1st quarter worth approximately $36,000. Finally, HRT Financial LP acquired a new stake in Nano-X Imaging during the 1st quarter worth approximately $763,000. Hedge funds and other institutional investors own 5.90% of the company's stock.

About Nano-X Imaging

Nano-X Imaging Ltd., a development-stage company, develops, produces, and commercializes digital X-ray source technology for the medical imaging industry worldwide. Its X-ray source is based on a novel digital MEMs semiconductor cathode. The company also develops a prototype of the Nanox.ARC, a medical imaging system incorporating its novel digital X-ray source; and Nanox.CLOUD, a companion cloud-based software that will allow for the delivery of medical screening as a service.

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Analyst Recommendations for Nano-X Imaging (NASDAQ:NNOX)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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