Nano-X Imaging (NASDAQ:NNOX) Earns Buy Rating from D. Boral Capital

Nano-X Imaging (NASDAQ:NNOX)‘s stock had its “buy” rating reaffirmed by equities researchers at D. Boral Capital in a note issued to investors on Friday,Benzinga reports. They presently have a $10.00 price target on the stock. D. Boral Capital’s price target points to a potential upside of 94.93% from the company’s previous close.

A number of other analysts have also issued reports on NNOX. Alliance Global Partners restated a “buy” rating on shares of Nano-X Imaging in a research report on Thursday, May 22nd. Cantor Fitzgerald decreased their target price on Nano-X Imaging from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Tuesday, April 1st.

Nano-X Imaging Price Performance

Shares of NASDAQ NNOX opened at $5.13 on Friday. The stock has a fifty day moving average price of $5.02 and a 200 day moving average price of $6.27. Nano-X Imaging has a 1-year low of $3.75 and a 1-year high of $11.00. The company has a market cap of $296.41 million, a PE ratio of -6.04 and a beta of 1.99.

Nano-X Imaging (NASDAQ:NNOX) last announced its quarterly earnings data on Thursday, May 22nd. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.02. The company had revenue of $3.00 million for the quarter, compared to analyst estimates of $3.98 million. Nano-X Imaging had a negative return on equity of 27.63% and a negative net margin of 465.38%. Analysts anticipate that Nano-X Imaging will post -0.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nano-X Imaging

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE increased its stake in shares of Nano-X Imaging by 388.7% during the fourth quarter. US Bancorp DE now owns 3,470 shares of the company’s stock valued at $25,000 after acquiring an additional 2,760 shares during the period. Quadrant Capital Group LLC lifted its stake in Nano-X Imaging by 464.9% during the fourth quarter. Quadrant Capital Group LLC now owns 7,016 shares of the company’s stock valued at $51,000 after purchasing an additional 5,774 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Nano-X Imaging by 1,755.9% during the first quarter. GAMMA Investing LLC now owns 7,962 shares of the company’s stock worth $40,000 after buying an additional 7,533 shares in the last quarter. Quantum Private Wealth LLC acquired a new position in Nano-X Imaging in the fourth quarter worth approximately $72,000. Finally, Signaturefd LLC increased its holdings in shares of Nano-X Imaging by 164.6% in the fourth quarter. Signaturefd LLC now owns 10,391 shares of the company’s stock valued at $75,000 after buying an additional 6,464 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.