Nano-X Imaging (NASDAQ:NNOX) Posts Earnings Results, Misses Estimates By $0.01 EPS

Nano-X Imaging (NASDAQ:NNOX) released its quarterly earnings results on Tuesday. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.01), Yahoo Finance reports. The firm had revenue of $2.70 million during the quarter. Nano-X Imaging had a negative return on equity of 31.57% and a negative net margin of 611.89%. During the same quarter in the prior year, the firm posted ($0.31) earnings per share.

Nano-X Imaging Price Performance

Shares of NASDAQ:NNOX opened at $7.58 on Thursday. The company’s fifty day moving average price is $7.55 and its 200-day moving average price is $8.71. The firm has a market capitalization of $437.96 million, a price-to-earnings ratio of -7.15 and a beta of 2.04. Nano-X Imaging has a one year low of $4.89 and a one year high of $14.28.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 target price on shares of Nano-X Imaging in a research note on Wednesday, May 29th.

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.