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

Nano-X Imaging Ltd. (NASDAQ:NNOX) was the recipient of some unusual options trading on Thursday. Investors bought 11,308 call options on the company. This represents an increase of 257% compared to the typical daily volume of 3,171 call options.

Nano-X Imaging Stock Performance

NNOX opened at $8.87 on Friday. The company has a fifty day moving average price of $6.56 and a two-hundred day moving average price of $6.77. The firm has a market capitalization of $512.50 million, a PE ratio of -10.44 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.

Wall Street Analyst Weigh In

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

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. grew its position in shares of Nano-X Imaging by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 41,364 shares of the company’s stock worth $251,000 after buying an additional 5,930 shares during the period. Franklin Resources Inc. bought a new stake in Nano-X Imaging in the third quarter valued at approximately $140,000. Tidal Investments LLC increased its stake in Nano-X Imaging by 4.6% in the third quarter. Tidal Investments LLC now owns 64,387 shares of the company’s stock valued at $391,000 after purchasing an additional 2,846 shares in the last quarter. Barclays PLC raised its holdings in Nano-X Imaging by 258.5% in 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 during the period. 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.

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.