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.
See Also
Before you consider Nano-X Imaging, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nano-X Imaging wasn't on the list.
While Nano-X Imaging currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
