Nano-X Imaging Ltd. (NASDAQ:NNOX - Get Free Report)'s stock price traded up 8% on Friday . The stock traded as high as $9.68 and last traded at $9.58. 1,704,788 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 6,702,053 shares. The stock had previously closed at $8.87.
Wall Street Analyst Weigh In
Separately, Cantor Fitzgerald raised their price target on shares of Nano-X Imaging from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th.
View Our Latest Stock Analysis on Nano-X Imaging
Nano-X Imaging Price Performance
The firm's fifty day simple moving average is $6.62 and its 200 day simple moving average is $6.78. The company has a market capitalization of $534.46 million, a PE ratio of -10.88 and a beta of 2.02.
Institutional Trading of Nano-X Imaging
Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new position in Nano-X Imaging in the third quarter valued at approximately $25,000. Verition Fund Management LLC acquired a new position in shares of Nano-X Imaging in the 3rd quarter valued at $88,000. Creative Planning purchased a new stake in Nano-X Imaging during the third quarter worth $107,000. Intech Investment Management LLC acquired a new stake in Nano-X Imaging during the third quarter valued at $124,000. Finally, SG Americas Securities LLC purchased a new position in Nano-X Imaging in the third quarter valued at $124,000. Hedge funds and other institutional investors own 21.49% of the company's stock.
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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