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Nano-X Imaging (NASDAQ:NNOX) Announces Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Nano-X Imaging logo with Business Services background

Nano-X Imaging (NASDAQ:NNOX - Get Free Report) released its earnings results on Monday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.08), Zacks reports. 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%.

Nano-X Imaging Trading Down 9.1 %

NNOX stock traded down $0.43 during trading on Friday, hitting $4.25. The company had a trading volume of 1,041,719 shares, compared to its average volume of 1,730,845. The stock has a market cap of $245.27 million, a PE ratio of -4.99 and a beta of 2.03. The business has a 50-day moving average of $6.32 and a 200-day moving average of $6.61. Nano-X Imaging has a one year low of $4.17 and a one year high of $11.39.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NNOX shares. Cantor Fitzgerald cut their price target on Nano-X Imaging from $12.00 to $9.00 and set an "overweight" rating on the stock in a research note on Tuesday. D. Boral Capital restated a "buy" rating and issued a $15.00 price target on shares of Nano-X Imaging in a research report on Monday.

Check Out Our Latest Stock Analysis on NNOX

About Nano-X Imaging

(Get Free Report)

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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Earnings History for Nano-X Imaging (NASDAQ:NNOX)

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