Cantor Fitzgerald Has Lowered Expectations for Nano-X Imaging (NASDAQ:NNOX) Stock Price

Nano-X Imaging (NASDAQ:NNOX) had its target price trimmed by Cantor Fitzgerald from $14.00 to $11.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock. Cantor Fitzgerald also issued estimates for Nano-X Imaging’s FY2024 earnings at ($0.96) EPS.

Nano-X Imaging Stock Up 2.9 %

Shares of NASDAQ NNOX opened at $6.46 on Tuesday. Nano-X Imaging has a twelve month low of $5.26 and a twelve month high of $14.28. The stock has a market cap of $373.26 million, a price-to-earnings ratio of -7.60 and a beta of 2.01. The company’s fifty day moving average is $6.05 and its 200-day moving average is $7.01.

Institutional Investors Weigh In On Nano-X Imaging

Several large investors have recently modified their holdings of NNOX. State Board of Administration of Florida Retirement System grew its position in shares of Nano-X Imaging by 17.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,000 shares of the company’s stock valued at $156,000 after purchasing an additional 2,380 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Nano-X Imaging by 13.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,716 shares of the company’s stock valued at $135,000 after buying an additional 1,612 shares during the period. Tidal Investments LLC bought a new stake in shares of Nano-X Imaging during the first quarter worth $2,498,000. Griffin Asset Management Inc. raised its holdings in shares of Nano-X Imaging by 0.7% during the second quarter. Griffin Asset Management Inc. now owns 203,911 shares of the company’s stock worth $1,497,000 after acquiring an additional 1,500 shares during the period. Finally, Tempus Wealth Planning LLC lifted its position in Nano-X Imaging by 11.1% in the 2nd quarter. Tempus Wealth Planning LLC now owns 116,907 shares of the company’s stock valued at $858,000 after acquiring an additional 11,692 shares in the last quarter. 21.49% of the stock is currently 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.