Nano-X Imaging Ltd. (NASDAQ:NNOX - Get Free Report)'s stock price traded down 7% during trading on Wednesday . The company traded as low as $8.60 and last traded at $8.76. 1,332,744 shares changed hands during trading, a decline of 82% from the average session volume of 7,228,701 shares. The stock had previously closed at $9.42.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on NNOX shares. D. Boral Capital began coverage on Nano-X Imaging in a research report on Monday. They issued a "buy" rating and a $23.00 price target on the stock. Cantor Fitzgerald upped their target price on Nano-X Imaging from $11.00 to $12.00 and gave the company an "overweight" rating in a report on Friday, December 6th.
Read Our Latest Stock Report on Nano-X Imaging
Nano-X Imaging Stock Down 6.8 %
The firm has a market cap of $506.72 million, a P/E ratio of -10.32 and a beta of 1.97. The stock's 50-day simple moving average is $6.84 and its 200 day simple moving average is $6.83.
Institutional Investors Weigh In On Nano-X Imaging
Several hedge funds and other institutional investors have recently made changes to their positions in NNOX. Farther Finance Advisors LLC bought a new stake in Nano-X Imaging during the third quarter worth $25,000. Verition Fund Management LLC bought a new stake in shares of Nano-X Imaging in the 3rd quarter worth $88,000. Creative Planning purchased a new stake in shares of Nano-X Imaging in the third quarter valued at about $107,000. Intech Investment Management LLC bought a new position in shares of Nano-X Imaging during the third quarter valued at about $124,000. Finally, SG Americas Securities LLC bought a new position in shares of Nano-X Imaging during the third quarter valued at about $124,000. 21.49% of the stock is owned by institutional investors.
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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