Nano-X Imaging Ltd. (NASDAQ:NNOX) Shares Purchased by ARK Investment Management LLC

ARK Investment Management LLC grew its position in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) by 19.0% during the 4th quarter, Holdings Channel reports. The firm owned 300,757 shares of the company’s stock after purchasing an additional 48,124 shares during the period. ARK Investment Management LLC’s holdings in Nano-X Imaging were worth $2,165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NNOX. Rhumbline Advisers boosted its stake in Nano-X Imaging by 2.4% during the fourth quarter. Rhumbline Advisers now owns 71,972 shares of the company’s stock valued at $518,000 after buying an additional 1,655 shares in the last quarter. Tidal Investments LLC lifted its holdings in Nano-X Imaging by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 64,387 shares of the company’s stock valued at $391,000 after acquiring an additional 2,846 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of Nano-X Imaging during the 3rd quarter valued at about $25,000. SG Americas Securities LLC grew its stake in shares of Nano-X Imaging by 20.6% in the 4th quarter. SG Americas Securities LLC now owns 24,661 shares of the company’s stock worth $178,000 after purchasing an additional 4,218 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Nano-X Imaging by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,364 shares of the company’s stock worth $251,000 after purchasing an additional 5,930 shares in the last quarter. Institutional investors own 21.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. D. Boral Capital restated a “buy” rating and set a $23.00 target price on shares of Nano-X Imaging in a report on Tuesday. Cantor Fitzgerald increased their price objective on Nano-X Imaging from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, December 6th.

Nano-X Imaging Trading Up 1.7 %

Shares of NNOX opened at $6.40 on Thursday. The business’s 50-day moving average price is $7.56 and its 200 day moving average price is $6.78. The stock has a market capitalization of $369.79 million, a P/E ratio of -7.53 and a beta of 1.96. Nano-X Imaging Ltd. has a 1-year low of $5.27 and a 1-year high of $12.65.

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.