Nano-X Imaging (NASDAQ:NNOX) Price Target Increased to $30.00 by Analysts at Cantor Fitzgerald

Nano-X Imaging (NASDAQ:NNOX – Get Rating) had its target price boosted by Cantor Fitzgerald from $21.00 to $30.00 in a research report released on Wednesday, The Fly reports.

Nano-X Imaging Stock Performance

NASDAQ:NNOX opened at $18.94 on Wednesday. The firm’s fifty day moving average price is $9.80 and its 200 day moving average price is $9.26. Nano-X Imaging has a 1-year low of $5.31 and a 1-year high of $21.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.29 and a quick ratio of 3.29. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -10.41 and a beta of 1.82.

Nano-X Imaging (NASDAQ:NNOX – Get Rating) last posted its quarterly earnings data on Monday, May 22nd. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.13. Nano-X Imaging had a negative net margin of 1,034.37% and a negative return on equity of 39.35%. The firm had revenue of $2.45 million for the quarter. During the same quarter last year, the business earned ($0.41) earnings per share. On average, sell-side analysts expect that Nano-X Imaging will post -1.37 EPS for the current year.

Hedge Funds Weigh In On Nano-X Imaging

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in shares of Nano-X Imaging by 269.0% during the 2nd quarter. State Street Corp now owns 812,290 shares of the company’s stock worth $9,179,000 after purchasing an additional 592,180 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Nano-X Imaging by 245.6% during the 1st quarter. Renaissance Technologies LLC now owns 568,990 shares of the company’s stock worth $6,168,000 after purchasing an additional 404,362 shares in the last quarter. Northern Trust Corp purchased a new stake in shares of Nano-X Imaging during the 2nd quarter worth $3,265,000. BlackRock Inc. boosted its position in shares of Nano-X Imaging by 10.4% during the 3rd quarter. BlackRock Inc. now owns 2,964,377 shares of the company’s stock worth $34,003,000 after purchasing an additional 279,068 shares in the last quarter. Finally, GMT Capital Corp purchased a new stake in shares of Nano-X Imaging during the 1st quarter worth $547,000. 17.56% of the stock is currently owned by hedge funds and other institutional investors.

Nano-X Imaging Company Profile

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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.