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

D. Boral Capital reissued their buy rating on shares of Nano-X Imaging (NASDAQ:NNOX) in a research report released on Monday morning,Benzinga reports. They currently have a $5.00 price target on the stock.

Other equities research analysts also recently issued reports about the company. Cantor Fitzgerald raised Nano-X Imaging to a “strong-buy” rating in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nano-X Imaging in a report on Friday, April 10th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Nano-X Imaging presently has a consensus rating of “Buy” and a consensus target price of $5.00.

Nano-X Imaging Trading Down 24.6%

NASDAQ NNOX opened at $2.15 on Monday. The stock’s 50 day moving average is $2.43 and its two-hundred day moving average is $3.05. The company has a market capitalization of $140.57 million, a price-to-earnings ratio of -1.63 and a beta of 1.39. Nano-X Imaging has a 1-year low of $2.11 and a 1-year high of $5.86.

Nano-X Imaging (NASDAQ:NNOX) last released its quarterly earnings data on Monday, April 20th. The company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.35). The company had revenue of $3.72 million for the quarter, compared to analyst estimates of $3.99 million. Nano-X Imaging had a negative net margin of 680.11% and a negative return on equity of 48.75%. During the same period in the previous year, the firm posted ($0.21) earnings per share. On average, analysts predict that Nano-X Imaging will post -0.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Aristides Capital LLC bought a new position in shares of Nano-X Imaging in the fourth quarter valued at approximately $30,000. Virtu Financial LLC raised its stake in shares of Nano-X Imaging by 26.4% in the fourth quarter. Virtu Financial LLC now owns 72,535 shares of the company’s stock valued at $203,000 after acquiring an additional 15,169 shares during the last quarter. Millennium Management LLC bought a new position in shares of Nano-X Imaging in the fourth quarter valued at approximately $91,000. Engineers Gate Manager LP raised its stake in shares of Nano-X Imaging by 272.2% in the fourth quarter. Engineers Gate Manager LP now owns 52,844 shares of the company’s stock valued at $148,000 after acquiring an additional 38,648 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in shares of Nano-X Imaging in the fourth quarter valued at approximately $8,424,000. Institutional investors own 21.49% of the company’s stock.

About Nano-X Imaging

Nano-X Imaging Ltd. is a medical technology company developing and commercializing a digital X-ray imaging platform designed to lower the cost and increase the accessibility of diagnostic imaging. Its flagship product, the Nanox.ARC, leverages a proprietary micro-electromechanical system (MEMS) based digital X-ray source and advanced image processing software to provide 2D and 3D imaging capabilities on a compact footprint. The system aims to streamline radiology workflows and facilitate point-of-care diagnostics in hospitals, clinics and outpatient settings.

The Nanox.ARC platform integrates a novel cold cathode X-ray source, which enables multiple emission points without the need for rotating anode tubes.