Nano-X Imaging (NASDAQ:NNOX) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

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

Nano-X Imaging Trading Down 3.3 %

Shares of NNOX stock traded down $0.25 during mid-day trading on Thursday, reaching $7.40. The stock had a trading volume of 85,147 shares, compared to its average volume of 2,127,716. The business has a 50-day simple moving average of $7.55 and a 200 day simple moving average of $8.71. Nano-X Imaging has a 12-month low of $4.89 and a 12-month high of $14.28. The company has a market cap of $427.56 million, a P/E ratio of -7.15 and a beta of 2.04.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $18.00 price objective on shares of Nano-X Imaging in a research report 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.