Nano-X Imaging’s (NNOX) Buy Rating Reiterated at D. Boral Capital

D. Boral Capital reiterated their buy rating on shares of Nano-X Imaging (NASDAQ:NNOX) in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a $23.00 price objective on the stock.

Separately, Cantor Fitzgerald increased their price target on Nano-X Imaging from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, December 6th.

Nano-X Imaging Stock Down 5.8 %

NNOX opened at $6.03 on Tuesday. The stock has a market capitalization of $348.41 million, a price-to-earnings ratio of -7.09 and a beta of 1.96. The firm has a 50 day moving average price of $7.55 and a 200-day moving average price of $6.77. Nano-X Imaging has a twelve month low of $5.27 and a twelve month high of $12.65.

Institutional Trading of Nano-X Imaging

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new position in shares of Nano-X Imaging during the 3rd quarter worth $25,000. US Bancorp DE lifted its position in 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 purchasing an additional 2,760 shares in the last quarter. Quadrant Capital Group LLC lifted its position 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 in the last quarter. Quantum Private Wealth LLC bought a new stake in Nano-X Imaging during the fourth quarter valued at about $72,000. Finally, Signaturefd LLC increased its position in Nano-X Imaging by 164.6% in the fourth quarter. Signaturefd LLC now owns 10,391 shares of the company’s stock worth $75,000 after buying an additional 6,464 shares in the last quarter. 21.49% of the stock is owned by hedge funds and other 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.