Nano-X Imaging (NASDAQ:NNOX) Announces Quarterly Earnings Results

Nano-X Imaging (NASDAQ:NNOX) announced its quarterly earnings results on Monday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08), Zacks reports. Nano-X Imaging had a negative return on equity of 27.63% and a negative net margin of 465.38%.

Nano-X Imaging Price Performance

Shares of NNOX stock traded down $0.44 during trading on Monday, reaching $4.79. The company’s stock had a trading volume of 706,028 shares, compared to its average volume of 1,742,323. The company has a market capitalization of $276.65 million, a price-to-earnings ratio of -5.65 and a beta of 1.99. Nano-X Imaging has a 1-year low of $4.54 and a 1-year high of $11.39. The stock’s 50-day moving average price is $6.62 and its 200 day moving average price is $6.65.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. 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. D. Boral Capital reissued a “buy” rating and issued a $23.00 target price on shares of Nano-X Imaging in a research report on Tuesday, February 25th.

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.