Nano-X Imaging (NASDAQ:NNOX) Receives Buy Rating from D. Boral Capital

D. Boral Capital reissued their buy rating on shares of Nano-X Imaging (NASDAQ:NNOX - Free Report) in a research report report published on Monday,Benzinga reports. The brokerage currently has a $15.00 price objective on the stock.

Separately, Cantor Fitzgerald raised their price objective on Nano-X Imaging from $11.00 to $12.00 and gave the company an "overweight" rating in a research note on Friday, December 6th.

Nano-X Imaging Trading Down 5.8 %

NASDAQ NNOX traded down $0.27 on Monday, reaching $4.40. 1,856,504 shares of the stock were exchanged, compared to its average volume of 1,733,951. The firm has a market capitalization of $254.23 million, a PE ratio of -5.18 and a beta of 2.03. Nano-X Imaging has a one year low of $4.17 and a one year high of $11.39. The company's 50-day simple moving average is $6.32 and its two-hundred day simple moving average is $6.61.

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

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Hedge Funds Weigh In On Nano-X Imaging

A number of hedge funds have recently added to or reduced their stakes in NNOX. US Bancorp DE lifted its stake in shares of Nano-X Imaging by 388.7% during the 4th quarter. US Bancorp DE now owns 3,470 shares of the company's stock worth $25,000 after purchasing an additional 2,760 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Nano-X Imaging by 464.9% during the fourth quarter. Quadrant Capital Group LLC now owns 7,016 shares of the company's stock worth $51,000 after purchasing an additional 5,774 shares in the last quarter. Quantum Private Wealth LLC acquired a new stake in shares of Nano-X Imaging in the 4th quarter worth $72,000. Signaturefd LLC grew its stake in Nano-X Imaging by 164.6% during the 4th quarter. Signaturefd LLC now owns 10,391 shares of the company's stock worth $75,000 after buying an additional 6,464 shares during the last quarter. Finally, PharVision Advisers LLC acquired a new position in Nano-X Imaging during the 4th quarter valued at about $80,000. 21.49% of the stock is currently owned by 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.