Nano-X Imaging (NASDAQ:NNOX) Receives Buy Rating from D. Boral Capital

Nano-X Imaging (NASDAQ:NNOX)‘s stock had its “buy” rating reaffirmed by equities researchers at D. Boral Capital in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $23.00 price objective on the stock. D. Boral Capital’s price target would suggest a potential upside of 266.59% from the stock’s current price.

Separately, Cantor Fitzgerald upped their target price on shares of Nano-X Imaging from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th.

Nano-X Imaging Price Performance

Shares of NNOX stock traded up $0.25 during trading hours on Tuesday, reaching $6.27. The company had a trading volume of 1,364,697 shares, compared to its average volume of 3,438,229. The business has a fifty day simple moving average of $7.59 and a 200-day simple moving average of $6.79. Nano-X Imaging has a 12 month low of $5.27 and a 12 month high of $12.65. The company has a market cap of $362.51 million, a price-to-earnings ratio of -7.51 and a beta of 1.96.

Hedge Funds Weigh In On Nano-X Imaging

Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new position in Nano-X Imaging in the 3rd quarter valued at approximately $25,000. US Bancorp DE grew its position in shares of Nano-X Imaging by 388.7% in 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 raised its stake in shares of Nano-X Imaging by 464.9% during the 4th 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 during the period. Quantum Private Wealth LLC purchased a new stake in Nano-X Imaging during the 4th quarter worth about $72,000. Finally, Signaturefd LLC lifted its holdings in Nano-X Imaging by 164.6% during the 4th quarter. Signaturefd LLC now owns 10,391 shares of the company’s stock worth $75,000 after purchasing an additional 6,464 shares in the last quarter. Institutional investors own 21.49% of the company’s stock.

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.