Cantor Fitzgerald Cuts Nano-X Imaging (NASDAQ:NNOX) Price Target to $11.00

Nano-X Imaging (NASDAQ:NNOX) had its target price lowered by Cantor Fitzgerald from $14.00 to $11.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock. Cantor Fitzgerald also issued estimates for Nano-X Imaging’s FY2024 earnings at ($0.96) EPS.

Nano-X Imaging Stock Up 3.5 %

Shares of NNOX stock opened at $6.28 on Tuesday. Nano-X Imaging has a 12 month low of $5.26 and a 12 month high of $14.28. The firm has a market cap of $362.85 million, a PE ratio of -7.39 and a beta of 2.01. The stock has a 50 day moving average of $6.05 and a 200-day moving average of $7.04.

Institutional Trading of Nano-X Imaging

A number of hedge funds have recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of Nano-X Imaging by 2.1% during the 3rd quarter. State Street Corp now owns 983,305 shares of the company’s stock worth $5,978,000 after purchasing an additional 20,279 shares during the period. Geode Capital Management LLC grew its position in Nano-X Imaging by 2.2% during the third quarter. Geode Capital Management LLC now owns 677,853 shares of the company’s stock worth $4,121,000 after buying an additional 14,560 shares in the last quarter. Tidal Investments LLC acquired a new stake in Nano-X Imaging during the first quarter worth about $2,498,000. ARK Investment Management LLC increased its stake in Nano-X Imaging by 5.2% during the third quarter. ARK Investment Management LLC now owns 252,633 shares of the company’s stock valued at $1,536,000 after acquiring an additional 12,408 shares during the period. Finally, Griffin Asset Management Inc. raised its holdings in Nano-X Imaging by 0.7% in the 2nd quarter. Griffin Asset Management Inc. now owns 203,911 shares of the company’s stock valued at $1,497,000 after acquiring an additional 1,500 shares in the last quarter. 21.49% of the stock is owned by institutional investors.

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.