Geode Capital Management LLC Raises Holdings in Nano-X Imaging Ltd. (NASDAQ:NNOX)

Geode Capital Management LLC boosted its stake in Nano-X Imaging Ltd. (NASDAQ:NNOX) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 677,853 shares of the company’s stock after purchasing an additional 14,560 shares during the period. Geode Capital Management LLC owned about 1.17% of Nano-X Imaging worth $4,121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NNOX. Farther Finance Advisors LLC purchased a new stake in Nano-X Imaging during the 3rd quarter valued at $25,000. Verition Fund Management LLC purchased a new position in shares of Nano-X Imaging during the third quarter valued at approximately $88,000. Creative Planning bought a new position in shares of Nano-X Imaging during the third quarter valued at approximately $107,000. Intech Investment Management LLC purchased a new stake in Nano-X Imaging in the third quarter worth $124,000. Finally, SG Americas Securities LLC bought a new stake in Nano-X Imaging in the third quarter valued at $124,000. Institutional investors own 21.49% of the company’s stock.

Nano-X Imaging Stock Performance

Nano-X Imaging stock opened at $9.25 on Monday. Nano-X Imaging Ltd. has a fifty-two week low of $5.26 and a fifty-two week high of $14.28. The stock’s 50 day simple moving average is $6.69 and its two-hundred day simple moving average is $6.79. The stock has a market cap of $534.46 million, a price-to-earnings ratio of -10.88 and a beta of 2.02.

Wall Street Analysts Forecast Growth

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

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.