D. Boral Capital initiated coverage on shares of Nano-X Imaging (NASDAQ:NNOX - Free Report) in a research report released on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $23.00 target price on the stock.
Separately, Cantor Fitzgerald lifted their price target on shares of Nano-X Imaging from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Friday, December 6th.
Check Out Our Latest Stock Analysis on Nano-X Imaging
Nano-X Imaging Trading Up 7.8 %
NNOX stock traded up $0.72 during trading on Monday, reaching $9.97. 9,372,810 shares of the stock were exchanged, compared to its average volume of 9,985,895. The firm's 50 day moving average is $6.69 and its 200 day moving average is $6.79. The firm has a market cap of $576.06 million, a P/E ratio of -11.73 and a beta of 1.97. Nano-X Imaging has a twelve month low of $5.26 and a twelve month high of $14.28.
Institutional Trading of Nano-X Imaging
Several institutional investors and hedge funds have recently modified their holdings of NNOX. State Street Corp grew its holdings in Nano-X Imaging by 2.1% during the third quarter. State Street Corp now owns 983,305 shares of the company's stock worth $5,978,000 after buying an additional 20,279 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Nano-X Imaging by 2.2% during the third quarter. Geode Capital Management LLC now owns 677,853 shares of the company's stock worth $4,121,000 after purchasing an additional 14,560 shares during the last quarter. ARK Investment Management LLC grew its position in Nano-X Imaging by 5.2% in the 3rd quarter. ARK Investment Management LLC now owns 252,633 shares of the company's stock worth $1,536,000 after purchasing an additional 12,408 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Nano-X Imaging by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 185,167 shares of the company's stock valued at $1,359,000 after buying an additional 13,085 shares during the last quarter. Finally, Tempus Wealth Planning LLC lifted its position in shares of Nano-X Imaging by 3.6% during the 3rd quarter. Tempus Wealth Planning LLC now owns 121,137 shares of the company's stock worth $737,000 after buying an additional 4,230 shares in the last quarter. 21.49% of the stock is owned by hedge funds and other institutional investors.
About Nano-X Imaging
(
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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.
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