Cantor Fitzgerald Forecasts Strong Price Appreciation for Nano-X Imaging (NASDAQ:NNOX) Stock

Nano-X Imaging (NASDAQ:NNOX) had its price target raised by analysts at Cantor Fitzgerald from $11.00 to $12.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 50.56% from the stock’s previous close.

Nano-X Imaging Trading Up 27.7 %

Shares of NASDAQ NNOX opened at $7.97 on Friday. Nano-X Imaging has a twelve month low of $5.26 and a twelve month high of $14.28. The company has a market capitalization of $460.51 million, a price-to-earnings ratio of -9.38 and a beta of 2.02. The business has a 50 day simple moving average of $6.11 and a 200-day simple moving average of $6.89.

Hedge Funds Weigh In On Nano-X Imaging

A number of large investors have recently made changes to their positions in NNOX. Franklin Resources Inc. acquired a new position in Nano-X Imaging in the 3rd quarter worth about $140,000. Tidal Investments LLC boosted its position in shares of 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 period. Barclays PLC raised its stake in Nano-X Imaging by 258.5% during the 3rd quarter. Barclays PLC now owns 86,181 shares of the company’s stock valued at $523,000 after purchasing an additional 62,140 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Nano-X Imaging by 2.2% during the third quarter. Geode Capital Management LLC now owns 677,853 shares of the company’s stock valued at $4,121,000 after buying an additional 14,560 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Nano-X Imaging by 2.1% in the 3rd quarter. State Street Corp now owns 983,305 shares of the company’s stock worth $5,978,000 after acquiring an additional 20,279 shares during the period. Institutional investors and hedge funds own 21.49% of the company’s stock.

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.