Nano-X Imaging (NASDAQ:NNOX) Receives “Buy” Rating from D. Boral Capital

Nano-X Imaging (NASDAQ:NNOX)‘s stock had its “buy” rating reaffirmed by stock analysts at D. Boral Capital in a note issued to investors on Thursday,Benzinga reports. They currently have a $15.00 target price on the stock. D. Boral Capital’s target price points to a potential upside of 199.22% from the stock’s current price.

Separately, Cantor Fitzgerald cut their price objective on shares of Nano-X Imaging from $12.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, April 1st.

Nano-X Imaging Price Performance

Shares of NNOX stock traded up $0.51 on Thursday, reaching $5.01. 2,390,243 shares of the stock were exchanged, compared to its average volume of 1,722,543. Nano-X Imaging has a one year low of $3.75 and a one year high of $11.00. The stock has a market cap of $289.65 million, a PE ratio of -5.83 and a beta of 2.03. The stock has a 50 day moving average price of $5.66 and a 200 day moving average price of $6.47.

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

Hedge Funds Weigh In On Nano-X Imaging

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in shares of Nano-X Imaging by 388.7% in the 4th quarter. US Bancorp DE now owns 3,470 shares of the company’s stock valued at $25,000 after acquiring an additional 2,760 shares during the period. Quadrant Capital Group LLC increased its stake in Nano-X Imaging by 464.9% in the fourth quarter. Quadrant Capital Group LLC now owns 7,016 shares of the company’s stock valued at $51,000 after purchasing an additional 5,774 shares in the last quarter. GAMMA Investing LLC raised its holdings in Nano-X Imaging by 1,755.9% in the first quarter. GAMMA Investing LLC now owns 7,962 shares of the company’s stock worth $40,000 after purchasing an additional 7,533 shares during the period. Quantum Private Wealth LLC bought a new position in shares of Nano-X Imaging during the fourth quarter worth $72,000. Finally, Signaturefd LLC grew its position in shares of Nano-X Imaging by 164.6% in the 4th quarter. Signaturefd LLC now owns 10,391 shares of the company’s stock valued at $75,000 after purchasing an additional 6,464 shares during the period. Institutional investors own 21.49% of the company’s stock.

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.