Nano-X Imaging (NASDAQ:NNOX) Upgraded at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of Nano-X Imaging (NASDAQ:NNOX) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. D. Boral Capital reiterated a “buy” rating and issued a $10.00 target price on shares of Nano-X Imaging in a report on Friday, June 6th. Alliance Global Partners restated a “buy” rating on shares of Nano-X Imaging in a research report on Thursday, May 22nd. Finally, Cantor Fitzgerald reduced their target price on Nano-X Imaging from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, April 1st.

Nano-X Imaging Stock Up 1.6%

Shares of NASDAQ:NNOX opened at $4.99 on Monday. The firm’s 50 day moving average price is $5.25 and its 200-day moving average price is $5.95. Nano-X Imaging has a twelve month low of $3.75 and a twelve month high of $11.00. The stock has a market capitalization of $288.32 million, a PE ratio of -5.54 and a beta of 1.96.

Nano-X Imaging (NASDAQ:NNOX) last posted its earnings results on Thursday, May 22nd. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.02. The firm had revenue of $3.00 million during the quarter, compared to analyst estimates of $3.98 million. Nano-X Imaging had a negative net margin of 472.19% and a negative return on equity of 30.92%. Analysts expect that Nano-X Imaging will post -0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC increased its holdings in shares of Nano-X Imaging by 16.5% in the first quarter. OneDigital Investment Advisors LLC now owns 32,271 shares of the company’s stock valued at $161,000 after purchasing an additional 4,570 shares during the period. Raymond James Financial Inc. acquired a new stake in Nano-X Imaging in the fourth quarter valued at $251,000. Rhumbline Advisers lifted its position in shares of Nano-X Imaging by 6.6% in the first quarter. Rhumbline Advisers now owns 76,728 shares of the company’s stock valued at $383,000 after acquiring an additional 4,756 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Nano-X Imaging by 98.9% in the fourth quarter. Stifel Financial Corp now owns 23,318 shares of the company’s stock valued at $168,000 after acquiring an additional 11,596 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Nano-X Imaging by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 688,512 shares of the company’s stock worth $4,957,000 after buying an additional 10,659 shares during the period. Institutional investors and hedge funds 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.