Nano-X Imaging Ltd. (NASDAQ:NNOX - Get Free Report)'s stock price traded up 17.5% on Wednesday . The stock traded as high as $8.83 and last traded at $8.79. 1,457,927 shares traded hands during trading, a decline of 73% from the average session volume of 5,383,432 shares. The stock had previously closed at $7.48.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. D. Boral Capital started coverage on shares of Nano-X Imaging in a research report on Monday, January 6th. They issued a "buy" rating and a $23.00 target price on the stock. Cantor Fitzgerald raised 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.
View Our Latest Report on Nano-X Imaging
Nano-X Imaging Price Performance
The company has a market cap of $485.93 million, a PE ratio of -9.89 and a beta of 1.97. The stock has a 50 day simple moving average of $7.21 and a two-hundred day simple moving average of $6.90.
Institutional Trading of Nano-X Imaging
Several institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new position in Nano-X Imaging in the third quarter valued at $25,000. Gainplan LLC purchased a new stake in Nano-X Imaging during the 4th quarter valued at approximately $92,000. Verition Fund Management LLC acquired a new stake in Nano-X Imaging during the 3rd quarter worth approximately $88,000. Creative Planning purchased a new position in shares of Nano-X Imaging in the 3rd quarter valued at approximately $107,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Nano-X Imaging by 14.8% in the second quarter. The Manufacturers Life Insurance Company now owns 20,210 shares of the company's stock valued at $148,000 after purchasing an additional 2,600 shares during the period. 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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