Nano-X Imaging (NASDAQ:NNOX) Sees Large Volume Increase – What’s Next?

Nano-X Imaging Ltd. (NASDAQ:NNOX) shares saw strong trading volume on Thursday . 4,245,071 shares were traded during trading, an increase of 111% from the previous session’s volume of 2,012,700 shares.The stock last traded at $8.75 and had previously closed at $7.20.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald increased their price objective on Nano-X Imaging from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th.

Nano-X Imaging Stock Up 4.3 %

The stock has a market cap of $534.46 million, a PE ratio of -10.88 and a beta of 2.02. The business’s fifty day moving average is $6.69 and its 200 day moving average is $6.79.

Institutional Trading of Nano-X Imaging

Several large investors have recently bought and sold shares of NNOX. Farther Finance Advisors LLC purchased a new stake in shares of Nano-X Imaging in the 3rd quarter worth about $25,000. Verition Fund Management LLC purchased a new stake in shares of Nano-X Imaging in the third quarter valued at about $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 acquired a new stake in shares of Nano-X Imaging in the third quarter valued at approximately $124,000. Finally, SG Americas Securities LLC purchased a new position in shares of Nano-X Imaging during the 3rd quarter worth approximately $124,000. Institutional investors and hedge funds own 21.49% of the company’s stock.

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.