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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) announced its quarterly earnings data on Monday. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.08), Zacks reports. The firm had revenue of $3.00 million for 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 Price Performance

Shares of Nano-X Imaging stock traded down $0.41 during trading hours on Friday, reaching $4.27. The company had a trading volume of 991,485 shares, compared to its average volume of 1,730,650. Nano-X Imaging has a one year low of $4.17 and a one year high of $11.39. The firm has a market cap of $246.43 million, a PE ratio of -5.01 and a beta of 2.03. The business has a fifty day simple moving average of $6.32 and a 200 day simple moving average of $6.61.

Wall Street Analysts Forecast Growth

NNOX has been the topic of a number of recent research reports. D. Boral Capital reaffirmed a "buy" rating and set a $15.00 price target on shares of Nano-X Imaging in a research report on Monday. Cantor Fitzgerald reduced their target price on shares of Nano-X Imaging from $12.00 to $9.00 and set an "overweight" rating for the company in a research note on Tuesday.

View Our Latest Stock Report on NNOX

Nano-X Imaging Company Profile

(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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