Investors Purchase Large Volume of Nano-X Imaging Call Options (NASDAQ:NNOX)

Nano-X Imaging Ltd. (NASDAQ:NNOX) was the recipient of some unusual options trading on Thursday. Traders bought 7,980 call options on the company. This represents an increase of 242% compared to the typical daily volume of 2,333 call options.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald raised their target price on Nano-X Imaging from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday.

Hedge Funds Weigh In On Nano-X Imaging

A number of institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. purchased a new stake in Nano-X Imaging in the third quarter valued at $140,000. Tidal Investments LLC lifted its position 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 acquiring an additional 2,846 shares during the last quarter. Barclays PLC lifted its position in Nano-X Imaging by 258.5% in the third quarter. Barclays PLC now owns 86,181 shares of the company’s stock valued at $523,000 after acquiring an additional 62,140 shares during the last quarter. Geode Capital Management LLC lifted its position in Nano-X Imaging by 2.2% in the third quarter. Geode Capital Management LLC now owns 677,853 shares of the company’s stock valued at $4,121,000 after acquiring an additional 14,560 shares during the last quarter. Finally, State Street Corp lifted its position in Nano-X Imaging by 2.1% in the third quarter. State Street Corp now owns 983,305 shares of the company’s stock valued at $5,978,000 after acquiring an additional 20,279 shares during the last quarter. Institutional investors and hedge funds own 21.49% of the company’s stock.

Nano-X Imaging Stock Performance

NNOX stock opened at $7.97 on Friday. The firm has a market cap of $460.50 million, a PE ratio of -9.32 and a beta of 2.02. The firm’s 50 day moving average price is $6.07 and its 200-day moving average price is $6.90. Nano-X Imaging has a one year low of $5.26 and a one year high of $14.28.

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.