Nano-X Imaging’s (NNOX) Buy Rating Reiterated at D. Boral Capital

D. Boral Capital reaffirmed their buy rating on shares of Nano-X Imaging (NASDAQ:NNOX) in a report published on Thursday,Benzinga reports. They currently have a $15.00 target price on the stock.

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

Nano-X Imaging Stock Performance

NNOX stock opened at $5.20 on Thursday. Nano-X Imaging has a one year low of $3.75 and a one year high of $11.00. The firm has a market cap of $300.45 million, a PE ratio of -6.12 and a beta of 2.03. The firm’s 50 day moving average price is $5.58 and its 200-day moving average price is $6.47.

Nano-X Imaging (NASDAQ:NNOX) last posted its quarterly earnings data on Monday, March 31st. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.08). Nano-X Imaging had a negative net margin of 465.38% and a negative return on equity of 27.63%. The firm had revenue of $3.00 million during the quarter, compared to analysts’ expectations of $3.80 million. Equities research analysts predict that Nano-X Imaging will post -0.92 EPS for the current fiscal year.

Institutional Trading of Nano-X Imaging

Large investors have recently modified their holdings of the stock. State Street Corp grew its stake in Nano-X Imaging by 2.1% during the 3rd quarter. State Street Corp now owns 983,305 shares of the company’s stock worth $5,978,000 after purchasing an additional 20,279 shares in the last quarter. Barclays PLC grew its position in shares of Nano-X Imaging by 258.5% during the third quarter. Barclays PLC now owns 86,181 shares of the company’s stock worth $523,000 after buying an additional 62,140 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 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 buying an additional 14,560 shares in the last quarter. Tidal Investments LLC increased its stake 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 during the period. Finally, Franklin Resources Inc. acquired a new stake in Nano-X Imaging in the third quarter valued at approximately $140,000. Hedge funds and other 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.