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

Nano-X Imaging (NASDAQ:NNOX)‘s stock had its “buy” rating restated by stock analysts at D. Boral Capital in a report released on Tuesday,Benzinga reports. They presently have a $23.00 target price on the stock. D. Boral Capital’s price target indicates a potential upside of 266.59% from the stock’s current price.

Separately, Cantor Fitzgerald increased their price target on Nano-X Imaging from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, December 6th.

Nano-X Imaging Stock Performance

Shares of NASDAQ:NNOX traded up $0.25 during midday trading on Tuesday, reaching $6.27. The company’s stock had a trading volume of 1,364,697 shares, compared to its average volume of 3,438,229. Nano-X Imaging has a fifty-two week low of $5.27 and a fifty-two week high of $12.65. The firm has a 50 day moving average price of $7.59 and a two-hundred day moving average price of $6.79. The firm has a market capitalization of $362.51 million, a price-to-earnings ratio of -7.51 and a beta of 1.96.

Institutional Trading of Nano-X Imaging

Several large investors have recently made changes to their positions in NNOX. Creative Planning bought a new position in Nano-X Imaging in the third quarter worth approximately $107,000. Farther Finance Advisors LLC acquired a new position in shares of Nano-X Imaging during the third quarter worth approximately $25,000. ARK Investment Management LLC lifted its holdings in shares of Nano-X Imaging by 5.2% in the 3rd quarter. ARK Investment Management LLC now owns 252,633 shares of the company’s stock worth $1,536,000 after purchasing an additional 12,408 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Nano-X Imaging in the 3rd quarter valued at $124,000. Finally, Verition Fund Management LLC bought a new stake in Nano-X Imaging during the 3rd quarter valued at $88,000. 21.49% of the stock is currently owned by institutional investors and hedge funds.

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.