Nano-X Imaging (NASDAQ:NNOX) Earns "Buy" Rating from D. Boral Capital

Nano-X Imaging (NASDAQ:NNOX - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at D. Boral Capital in a report issued on Thursday,Benzinga reports. They currently have a $15.00 price target on the stock. D. Boral Capital's price objective would indicate a potential upside of 199.22% from the company's current price.

Separately, Cantor Fitzgerald cut their target price on Nano-X Imaging from $12.00 to $9.00 and set an "overweight" rating for the company in a research report on Tuesday, April 1st.

Nano-X Imaging Trading Up 11.4 %

NNOX stock traded up $0.51 during midday trading on Thursday, hitting $5.01. The stock had a trading volume of 2,390,243 shares, compared to its average volume of 1,722,543. Nano-X Imaging has a 52 week low of $3.75 and a 52 week high of $11.00. The stock has a 50-day simple moving average of $5.66 and a 200 day simple moving average of $6.47. The firm has a market capitalization of $289.65 million, a price-to-earnings ratio of -5.83 and a beta of 2.03.

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

Institutional Trading of Nano-X Imaging

Several hedge funds have recently modified their holdings of the company. State Street Corp grew its position in Nano-X Imaging by 2.1% during the 3rd quarter. State Street Corp now owns 983,305 shares of the company's stock worth $5,978,000 after acquiring an additional 20,279 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Nano-X Imaging by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 688,512 shares of the company's stock worth $4,957,000 after purchasing an additional 10,659 shares during the last quarter. Northern Trust Corp increased its stake in shares of Nano-X Imaging by 71.3% in the fourth quarter. Northern Trust Corp now owns 621,365 shares of the company's stock valued at $4,474,000 after buying an additional 258,580 shares in the last quarter. ARK Investment Management LLC raised its holdings in shares of Nano-X Imaging by 19.0% in the fourth quarter. ARK Investment Management LLC now owns 300,757 shares of the company's stock valued at $2,165,000 after buying an additional 48,124 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Nano-X Imaging by 4.6% during the 4th quarter. Bank of New York Mellon Corp now owns 146,551 shares of the company's stock worth $1,055,000 after buying an additional 6,449 shares in the last quarter. Institutional investors and hedge funds own 21.49% of the company's stock.

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.

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