Nano-X Imaging Sees Unusually High Options Volume (NASDAQ:NNOX)

Nano-X Imaging Ltd. (NASDAQ:NNOX - Get Free Report) was the recipient of unusually large options trading activity on Friday. Investors acquired 6,184 put options on the stock. This is an increase of approximately 42% compared to the typical volume of 4,350 put options.

Analysts Set New Price Targets

NNOX has been the subject of several recent research reports. D. Boral Capital reissued a "buy" rating and issued a $15.00 price target on shares of Nano-X Imaging in a research report on Monday. Cantor Fitzgerald lowered their target price on shares of Nano-X Imaging from $12.00 to $9.00 and set an "overweight" rating for the company in a research note on Tuesday.

Nano-X Imaging Stock Down 3.2 %

Shares of NASDAQ NNOX traded down $0.16 during midday trading on Tuesday, reaching $4.83. 1,515,404 shares of the stock were exchanged, compared to its average volume of 1,742,292. The firm has a 50-day simple moving average of $6.55 and a two-hundred day simple moving average of $6.64. Nano-X Imaging has a twelve month low of $4.61 and a twelve month high of $11.39. The firm has a market cap of $279.07 million, a price-to-earnings ratio of -5.68 and a beta of 1.99.

Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.08). Nano-X Imaging had a negative return on equity of 27.63% and a negative net margin of 465.38%. The firm had revenue of $3.00 million during the quarter, compared to analyst estimates of $3.80 million. Research analysts expect that Nano-X Imaging will post -0.92 EPS for the current fiscal year.

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Institutional Trading of Nano-X Imaging

Institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE increased its holdings in Nano-X Imaging by 388.7% in the 4th quarter. US Bancorp DE now owns 3,470 shares of the company's stock worth $25,000 after acquiring an additional 2,760 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Nano-X Imaging by 464.9% in the fourth quarter. Quadrant Capital Group LLC now owns 7,016 shares of the company's stock worth $51,000 after acquiring an additional 5,774 shares during the last quarter. Quantum Private Wealth LLC purchased a new stake in shares of Nano-X Imaging during the fourth quarter worth approximately $72,000. Signaturefd LLC lifted its holdings in Nano-X Imaging by 164.6% in the 4th quarter. Signaturefd LLC now owns 10,391 shares of the company's stock valued at $75,000 after purchasing an additional 6,464 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new stake in Nano-X Imaging during the 4th quarter worth $80,000. 21.49% of the stock is currently owned by hedge funds and other institutional investors.

About Nano-X Imaging

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.