Nano-X Imaging’s (NNOX) “Buy” Rating Reaffirmed at D. Boral Capital

D. Boral Capital reissued their buy rating on shares of Nano-X Imaging (NASDAQ:NNOX) in a report issued on Monday,Benzinga reports. They currently have a $15.00 price objective on the stock.

Separately, Cantor Fitzgerald increased their price objective 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 Down 4.6 %

NASDAQ NNOX opened at $4.99 on Monday. The stock has a market capitalization of $288.32 million, a PE ratio of -5.87 and a beta of 1.99. Nano-X Imaging has a 12-month low of $4.61 and a 12-month high of $11.39. The company has a 50 day moving average price of $6.55 and a two-hundred day moving average price of $6.64.

Nano-X Imaging (NASDAQ:NNOX) last released its quarterly earnings data on Monday, March 31st. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.08). Nano-X Imaging had a negative net margin of 465.38% and a negative return on equity of 27.63%. As a group, equities analysts anticipate that Nano-X Imaging will post -0.92 EPS for the current year.

Institutional Trading of Nano-X Imaging

Several large investors have recently modified their holdings of NNOX. Northern Trust Corp boosted its holdings in Nano-X Imaging by 71.3% during the fourth quarter. Northern Trust Corp now owns 621,365 shares of the company’s stock valued at $4,474,000 after acquiring an additional 258,580 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Nano-X Imaging during the 4th quarter worth about $459,000. Barclays PLC boosted 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 period. Headlands Technologies LLC acquired a new stake in Nano-X Imaging in the 4th quarter valued at approximately $389,000. Finally, ARK Investment Management LLC increased its position in Nano-X Imaging by 19.0% in the 4th quarter. ARK Investment Management LLC now owns 300,757 shares of the company’s stock worth $2,165,000 after buying an additional 48,124 shares during the period. 21.49% of the stock is owned by institutional investors.

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.