Susquehanna Fundamental Investments LLC Purchases Shares of 63,749 Nano-X Imaging Ltd. (NASDAQ:NNOX)

Susquehanna Fundamental Investments LLC acquired a new position in Nano-X Imaging Ltd. (NASDAQ:NNOX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 63,749 shares of the company's stock, valued at approximately $459,000. Susquehanna Fundamental Investments LLC owned approximately 0.11% of Nano-X Imaging as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nebula Research & Development LLC bought a new stake in shares of Nano-X Imaging during the 4th quarter worth $141,000. Price T Rowe Associates Inc. MD lifted its stake in Nano-X Imaging by 26.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,990 shares of the company's stock valued at $159,000 after purchasing an additional 4,658 shares during the last quarter. Stifel Financial Corp grew its holdings in 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 during the period. OneDigital Investment Advisors LLC raised its stake in shares of Nano-X Imaging by 82.5% in the fourth quarter. OneDigital Investment Advisors LLC now owns 27,701 shares of the company's stock valued at $199,000 after buying an additional 12,519 shares during the period. Finally, Walleye Trading LLC purchased a new position in shares of Nano-X Imaging during the 4th quarter valued at $159,000. Hedge funds and other institutional investors own 21.49% of the company's stock.

Nano-X Imaging Stock Performance

Shares of NNOX stock traded up $0.03 on Friday, hitting $5.21. 335,014 shares of the company's stock traded hands, compared to its average volume of 2,265,423. The stock has a market capitalization of $301.03 million, a price-to-earnings ratio of -6.13 and a beta of 2.03. The company's fifty day simple moving average is $5.19 and its 200 day simple moving average is $6.37. Nano-X Imaging Ltd. has a one year low of $3.75 and a one year high of $11.00.

Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last posted its quarterly earnings results on Monday, March 31st. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The company had revenue of $3.00 million for the quarter, compared to the consensus estimate of $3.80 million. Nano-X Imaging had a negative return on equity of 27.63% and a negative net margin of 465.38%. As a group, sell-side analysts anticipate that Nano-X Imaging Ltd. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NNOX has been the topic of a number of research reports. Cantor Fitzgerald lowered their price objective on Nano-X Imaging from $12.00 to $9.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st. D. Boral Capital reiterated a "buy" rating and issued a $15.00 price target on shares of Nano-X Imaging in a research report on Thursday, April 17th.

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.