Traders Purchase Large Volume of Nano-X Imaging Call Options (NASDAQ:NNOX)

Nano-X Imaging Ltd. (NASDAQ:NNOX - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 11,308 call options on the stock. This is an increase of 257% compared to the average volume of 3,171 call options.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NNOX. Bank of New York Mellon Corp boosted its position in Nano-X Imaging by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 185,167 shares of the company's stock worth $1,359,000 after purchasing an additional 13,085 shares during the period. Van ECK Associates Corp raised its holdings in Nano-X Imaging by 14.1% in the 2nd quarter. Van ECK Associates Corp now owns 22,293 shares of the company's stock valued at $164,000 after acquiring an additional 2,755 shares during the period. Rhumbline Advisers lifted its position in Nano-X Imaging by 3.9% during the second quarter. Rhumbline Advisers now owns 75,920 shares of the company's stock worth $557,000 after acquiring an additional 2,818 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Nano-X Imaging by 14.8% in the second quarter. The Manufacturers Life Insurance Company now owns 20,210 shares of the company's stock valued at $148,000 after purchasing an additional 2,600 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Nano-X Imaging during the third quarter worth approximately $124,000. 21.49% of the stock is owned by institutional investors and hedge funds.

Nano-X Imaging Price Performance

NNOX stock traded up $1.67 during trading hours on Thursday, reaching $8.87. The stock had a trading volume of 12,599,626 shares, compared to its average volume of 2,012,700. The stock has a 50-day simple moving average of $6.56 and a 200 day simple moving average of $6.77. The stock has a market capitalization of $512.50 million, a PE ratio of -10.44 and a beta of 2.02. Nano-X Imaging has a fifty-two week low of $5.26 and a fifty-two week high of $14.28.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald upped their target price on Nano-X Imaging from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, December 6th.

Nano-X Imaging Company Profile

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.