Stock Traders Purchase Large Volume of Call Options on Nano-X Imaging (NASDAQ:NNOX)

Nano-X Imaging Ltd. (NASDAQ:NNOX) saw unusually large options trading activity on Thursday. Investors purchased 11,308 call options on the company. This represents an increase of 257% compared to the average volume of 3,171 call options.

Institutional Investors Weigh In On Nano-X Imaging

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of Nano-X Imaging by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,364 shares of the company’s stock valued at $251,000 after acquiring an additional 5,930 shares during the last quarter. Franklin Resources Inc. bought a new stake in Nano-X Imaging in the third quarter valued at approximately $140,000. Tidal Investments LLC raised 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 worth $391,000 after purchasing an additional 2,846 shares during the period. Barclays PLC boosted its position in shares of Nano-X Imaging by 258.5% during the third quarter. Barclays PLC now owns 86,181 shares of the company’s stock worth $523,000 after purchasing an additional 62,140 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Nano-X Imaging by 2.2% in the 3rd 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 period. Institutional investors own 21.49% of the company’s stock.

Analyst Ratings Changes

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

Nano-X Imaging Stock Performance

NNOX opened at $9.25 on Friday. The company has a fifty day moving average price of $6.62 and a two-hundred day moving average price of $6.78. The firm has a market capitalization of $534.46 million, a PE ratio of -10.88 and a beta of 2.02. Nano-X Imaging has a 52 week low of $5.26 and a 52 week 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.