D. Boral Capital Initiates Coverage on Nano-X Imaging (NASDAQ:NNOX)

D. Boral Capital began coverage on shares of Nano-X Imaging (NASDAQ:NNOX) in a research report sent to investors on Monday, MarketBeat.com reports. The brokerage issued a buy rating and a $23.00 price objective on the stock.

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

Nano-X Imaging Stock Down 6.8 %

NASDAQ:NNOX opened at $8.77 on Monday. The company has a market cap of $506.72 million, a P/E ratio of -10.32 and a beta of 1.97. Nano-X Imaging has a twelve month low of $5.26 and a twelve month high of $14.28. The business has a 50 day moving average price of $6.90 and a two-hundred day moving average price of $6.84.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NNOX. JPMorgan Chase & Co. boosted its holdings 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. acquired a new position in Nano-X Imaging in the 3rd quarter valued at $140,000. Tidal Investments LLC lifted its holdings in shares of Nano-X Imaging by 4.6% during the third quarter. Tidal Investments LLC now owns 64,387 shares of the company’s stock worth $391,000 after buying an additional 2,846 shares in the last quarter. Barclays PLC grew its stake in shares of Nano-X Imaging by 258.5% in the third quarter. Barclays PLC now owns 86,181 shares of the company’s stock valued at $523,000 after acquiring an additional 62,140 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Nano-X Imaging by 2.2% during the third quarter. Geode Capital Management LLC now owns 677,853 shares of the company’s stock worth $4,121,000 after acquiring an additional 14,560 shares during the period. 21.49% of the stock is owned by institutional investors and hedge funds.

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.