Nano-X Imaging Ltd. (NASDAQ:NNOX - Get Free Report) saw strong trading volume on Thursday . 4,245,071 shares changed hands during mid-day trading, an increase of 111% from the previous session's volume of 2,012,700 shares.The stock last traded at $8.75 and had previously closed at $7.20.
Wall Street Analyst Weigh In
Separately, Cantor Fitzgerald lifted their price objective on Nano-X Imaging from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, December 6th.
Read Our Latest Research Report on NNOX
Nano-X Imaging Trading Up 23.2 %
The firm has a market cap of $512.50 million, a price-to-earnings ratio of -10.44 and a beta of 2.02. The stock's fifty day moving average price is $6.56 and its 200-day moving average price is $6.77.
Institutional Trading of Nano-X Imaging
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NNOX. State Street Corp grew its stake in shares of Nano-X Imaging by 2.1% in the third 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 in the last quarter. The Manufacturers Life Insurance Company grew its stake in Nano-X Imaging by 14.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,210 shares of the company's stock worth $148,000 after purchasing an additional 2,600 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Nano-X Imaging in the 3rd quarter valued at about $88,000. Van ECK Associates Corp raised its position 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 purchasing an additional 2,755 shares in the last quarter. Finally, Creative Planning acquired a new position in shares of Nano-X Imaging during the third quarter worth about $107,000. Hedge funds and other institutional investors own 21.49% of the company's stock.
Nano-X Imaging Company Profile
(
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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.
Further Reading
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