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

Nano-X Imaging (NASDAQ:NNOX)‘s stock had its “buy” rating reissued by analysts at D. Boral Capital in a research report issued on Monday,Benzinga reports. They currently have a $15.00 target price on the stock. D. Boral Capital’s target price would suggest a potential upside of 198.63% from the stock’s current price.

Separately, Cantor Fitzgerald lifted their target price 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 Stock Down 4.0 %

Nano-X Imaging stock traded down $0.21 during mid-day trading on Monday, hitting $5.02. 1,644,298 shares of the company were exchanged, compared to its average volume of 1,746,022. The business has a fifty day moving average of $6.62 and a 200 day moving average of $6.65. Nano-X Imaging has a 1-year low of $4.54 and a 1-year high of $11.39. The company has a market capitalization of $290.22 million, a PE ratio of -5.90 and a beta of 1.99.

Nano-X Imaging (NASDAQ:NNOX) last announced its earnings results on Monday, March 31st. The company reported ($0.23) EPS for the quarter, missing the consensus estimate 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%. Research analysts expect that Nano-X Imaging will post -0.92 earnings per share for the current year.

Hedge Funds Weigh In On Nano-X Imaging

Large investors have recently bought and sold shares of the business. Rhumbline Advisers raised its position in shares of Nano-X Imaging by 2.4% during the 4th quarter. Rhumbline Advisers now owns 71,972 shares of the company’s stock valued at $518,000 after acquiring an additional 1,655 shares during the last quarter. US Bancorp DE increased its holdings in Nano-X Imaging by 388.7% in the fourth quarter. US Bancorp DE now owns 3,470 shares of the company’s stock valued at $25,000 after purchasing an additional 2,760 shares during the last quarter. Tidal Investments LLC increased its holdings in Nano-X Imaging by 4.6% in the third quarter. Tidal Investments LLC now owns 64,387 shares of the company’s stock valued at $391,000 after purchasing an additional 2,846 shares during the last quarter. SG Americas Securities LLC lifted its stake in Nano-X Imaging by 20.6% in the fourth quarter. SG Americas Securities LLC now owns 24,661 shares of the company’s stock valued at $178,000 after buying an additional 4,218 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Nano-X Imaging by 26.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,990 shares of the company’s stock worth $159,000 after buying an additional 4,658 shares during the last quarter. 21.49% of the stock is currently owned by institutional investors and hedge funds.

Nano-X Imaging Company Profile

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.