Nano-X Imaging Ltd. (NASDAQ:NNOX) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,551 shares of the company’s stock after acquiring an additional 6,449 shares during the period. Bank of New York Mellon Corp owned 0.25% of Nano-X Imaging worth $1,055,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Quantum Private Wealth LLC purchased a new position in Nano-X Imaging in the 4th quarter valued at about $72,000. Rhumbline Advisers raised its position in shares of Nano-X Imaging by 2.4% in the fourth quarter. Rhumbline Advisers now owns 71,972 shares of the company’s stock valued at $518,000 after buying an additional 1,655 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Nano-X Imaging during the fourth quarter valued at approximately $94,000. Wesbanco Bank Inc. acquired a new stake in Nano-X Imaging during the fourth quarter worth approximately $178,000. Finally, SG Americas Securities LLC grew its stake in Nano-X Imaging by 20.6% in the 4th quarter. SG Americas Securities LLC now owns 24,661 shares of the company’s stock worth $178,000 after acquiring an additional 4,218 shares during the period. Institutional investors and hedge funds own 21.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NNOX shares. D. Boral Capital reissued a “buy” rating and set a $23.00 price target on shares of Nano-X Imaging in a research note on Tuesday, February 25th. Cantor Fitzgerald increased their target price on Nano-X Imaging from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th.

Nano-X Imaging Stock Performance

NNOX opened at $6.12 on Tuesday. Nano-X Imaging Ltd. has a 1 year low of $5.19 and a 1 year high of $11.39. The company’s 50 day simple moving average is $6.83 and its 200 day simple moving average is $6.67. The stock has a market capitalization of $353.61 million, a PE ratio of -7.20 and a beta of 1.99.

Nano-X Imaging 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.