Stock Traders Purchase High Volume of Nano-X Imaging Put Options (NASDAQ:NNOX)

Nano-X Imaging Ltd. (NASDAQ:NNOX) saw some unusual options trading activity on Friday. Traders purchased 6,184 put options on the company. This represents an increase of 42% compared to the typical daily volume of 4,350 put options.

Nano-X Imaging Price Performance

NASDAQ NNOX traded down $0.29 on Friday, reaching $5.18. The stock had a trading volume of 2,013,590 shares, compared to its average volume of 1,743,541. The company has a market cap of $299.01 million, a P/E ratio of -6.09 and a beta of 1.99. The firm has a fifty day moving average of $6.68 and a two-hundred day moving average of $6.65. Nano-X Imaging has a 1-year low of $5.07 and a 1-year high of $11.39.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NNOX shares. D. Boral Capital reaffirmed a “buy” rating and issued a $23.00 target price on shares of Nano-X Imaging in a research report on Tuesday, February 25th. Cantor Fitzgerald boosted their price target on Nano-X Imaging from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th.

Institutional Investors Weigh In On Nano-X Imaging

Large investors have recently bought and sold shares of the company. US Bancorp DE grew its holdings in shares of Nano-X Imaging by 388.7% during the 4th quarter. US Bancorp DE now owns 3,470 shares of the company’s stock valued at $25,000 after purchasing an additional 2,760 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Nano-X Imaging by 464.9% during the 4th quarter. Quadrant Capital Group LLC now owns 7,016 shares of the company’s stock worth $51,000 after purchasing an additional 5,774 shares during the last quarter. Quantum Private Wealth LLC acquired a new position in Nano-X Imaging in the fourth quarter valued at $72,000. Signaturefd LLC lifted its stake in shares of Nano-X Imaging by 164.6% in the 4th quarter. Signaturefd LLC now owns 10,391 shares of the company’s stock valued at $75,000 after purchasing an additional 6,464 shares during the period. Finally, PharVision Advisers LLC acquired a new stake in shares of Nano-X Imaging during the 4th quarter worth approximately $80,000. 21.49% of the stock is currently owned by institutional investors and hedge funds.

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.