Nano-X Imaging (NASDAQ:NNOX) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Nano-X Imaging (NASDAQ:NNOX) posted its quarterly earnings results on Monday. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08), Zacks reports. The firm had revenue of $3.00 million for the quarter, compared to the consensus estimate of $3.80 million. Nano-X Imaging had a negative net margin of 465.38% and a negative return on equity of 27.63%.

Nano-X Imaging Stock Performance

NNOX stock opened at $4.83 on Wednesday. Nano-X Imaging has a fifty-two week low of $4.61 and a fifty-two week high of $11.39. The company has a market capitalization of $279.07 million, a price-to-earnings ratio of -5.68 and a beta of 1.99. The business’s 50 day moving average price is $6.48 and its two-hundred day moving average price is $6.63.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. D. Boral Capital reaffirmed a “buy” rating and set a $15.00 price objective on shares of Nano-X Imaging in a research note on Monday. Cantor Fitzgerald lowered their price target on Nano-X Imaging from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday.

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.