Nano-X Imaging (NASDAQ:NNOX) Releases Quarterly Earnings Results, Misses Estimates By $0.47 EPS

Nano-X Imaging (NASDAQ:NNOX) issued its quarterly earnings results on Thursday. The company reported ($0.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.47), Zacks reports. Nano-X Imaging had a negative net margin of 468.29% and a negative return on equity of 32.09%. Nano-X Imaging updated its FY 2026 guidance to EPS.

Nano-X Imaging Stock Performance

Shares of NNOX opened at $3.03 on Thursday. Nano-X Imaging has a 52 week low of $2.78 and a 52 week high of $11.00. The firm has a market cap of $175.07 million, a P/E ratio of -3.37 and a beta of 1.97. The firm’s 50-day simple moving average is $3.74 and its 200 day simple moving average is $4.49.

Hedge Funds Weigh In On Nano-X Imaging

A number of large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Nano-X Imaging by 8.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,182 shares of the company’s stock worth $182,000 after buying an additional 2,724 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Nano-X Imaging by 20.5% during the second quarter. The Manufacturers Life Insurance Company now owns 22,433 shares of the company’s stock worth $116,000 after acquiring an additional 3,818 shares during the period. Russell Investments Group Ltd. raised its stake in Nano-X Imaging by 62.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 13,787 shares of the company’s stock worth $51,000 after purchasing an additional 5,283 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Nano-X Imaging by 64.6% during the third quarter. BNP Paribas Financial Markets now owns 19,743 shares of the company’s stock worth $73,000 after purchasing an additional 7,749 shares during the period. Finally, Engineers Gate Manager LP raised its position in shares of Nano-X Imaging by 56.6% in the second quarter. Engineers Gate Manager LP now owns 26,248 shares of the company’s stock valued at $136,000 after buying an additional 9,486 shares in the last quarter. Institutional investors own 21.49% of the company’s stock.

Wall Street Analysts Forecast Growth

NNOX has been the subject of a number of analyst reports. Alliance Global Partners raised shares of Nano-X Imaging to a “strong-buy” rating in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nano-X Imaging in a research report on Thursday, November 13th. Finally, D. Boral Capital reiterated a “buy” rating and set a $8.00 target price on shares of Nano-X Imaging in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $8.50.

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.