Cantor Fitzgerald Lowers Nano-X Imaging (NASDAQ:NNOX) Price Target to $11.00

Nano-X Imaging (NASDAQ:NNOX) had its target price dropped by research analysts at Cantor Fitzgerald from $14.00 to $11.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 75.16% from the stock’s previous close.

Nano-X Imaging Trading Up 3.5 %

Shares of NASDAQ:NNOX opened at $6.28 on Tuesday. The company has a market capitalization of $362.86 million, a PE ratio of -7.39 and a beta of 2.01. Nano-X Imaging has a twelve month low of $5.26 and a twelve month high of $14.28. The firm has a 50 day simple moving average of $6.05 and a 200-day simple moving average of $7.04.

Institutional Investors Weigh In On Nano-X Imaging

Several institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new position in Nano-X Imaging in the 3rd quarter valued at about $25,000. Verition Fund Management LLC acquired a new stake in Nano-X Imaging in the third quarter valued at approximately $88,000. Creative Planning acquired a new stake in Nano-X Imaging in the third quarter valued at approximately $107,000. SG Americas Securities LLC acquired a new stake in Nano-X Imaging in the third quarter valued at approximately $124,000. Finally, Intech Investment Management LLC purchased a new position in shares of Nano-X Imaging during the 3rd quarter valued at approximately $124,000. 21.49% of the stock is currently owned by hedge funds and other institutional investors.

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.