Griffin Asset Management Inc. Increases Stock Position in Nano-X Imaging Ltd. (NASDAQ:NNOX)

Griffin Asset Management Inc. lifted its holdings in Nano-X Imaging Ltd. (NASDAQ:NNOX) by 0.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 203,911 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Griffin Asset Management Inc. owned about 0.35% of Nano-X Imaging worth $1,497,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Tidal Investments LLC purchased a new stake in shares of Nano-X Imaging in the 1st quarter worth approximately $2,498,000. Tempus Wealth Planning LLC lifted its position in Nano-X Imaging by 4.7% during the first quarter. Tempus Wealth Planning LLC now owns 105,215 shares of the company’s stock valued at $1,028,000 after acquiring an additional 4,750 shares during the last quarter. Virtu Financial LLC purchased a new stake in Nano-X Imaging during the fourth quarter valued at approximately $294,000. Cantor Fitzgerald L. P. purchased a new stake in Nano-X Imaging during the fourth quarter valued at approximately $196,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Nano-X Imaging by 27.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,133 shares of the company’s stock valued at $109,000 after acquiring an additional 3,639 shares during the last quarter. Hedge funds and other institutional investors own 21.49% of the company’s stock.

Nano-X Imaging Stock Performance

NASDAQ:NNOX traded down $0.58 during midday trading on Thursday, reaching $7.07. 1,016,665 shares of the stock traded hands, compared to its average volume of 2,133,440. Nano-X Imaging Ltd. has a 12-month low of $4.89 and a 12-month high of $14.28. The business has a 50-day moving average of $7.55 and a two-hundred day moving average of $8.71. The stock has a market capitalization of $408.50 million, a PE ratio of -6.76 and a beta of 2.04.

Nano-X Imaging (NASDAQ:NNOX) last issued its quarterly earnings results on Tuesday, August 20th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.01). Nano-X Imaging had a negative net margin of 611.89% and a negative return on equity of 31.57%. The company had revenue of $2.70 million for the quarter. During the same quarter last year, the firm earned ($0.31) EPS. Research analysts anticipate that Nano-X Imaging Ltd. will post -0.86 earnings per share for the current year.

Analysts Set New Price Targets

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

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.