Nano-X Imaging (NASDAQ:NNOX) Now Covered by D. Boral Capital

D. Boral Capital assumed coverage on shares of Nano-X Imaging (NASDAQ:NNOX) in a research note released on Monday, MarketBeat Ratings reports. The firm issued a buy rating and a $23.00 price target on the stock.

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

Nano-X Imaging Stock Performance

Shares of NNOX stock opened at $9.97 on Monday. The firm has a market capitalization of $576.06 million, a price-to-earnings ratio of -11.73 and a beta of 1.97. The stock’s 50-day simple moving average is $6.77 and its 200-day simple moving average is $6.81. Nano-X Imaging has a fifty-two week low of $5.26 and a fifty-two week high of $14.28.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Nano-X Imaging by 16.7% in the third quarter. JPMorgan Chase & Co. now owns 41,364 shares of the company’s stock valued at $251,000 after buying an additional 5,930 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Nano-X Imaging in the 3rd quarter valued at $140,000. Tidal Investments LLC increased its stake in shares of Nano-X Imaging by 4.6% in the third quarter. Tidal Investments LLC now owns 64,387 shares of the company’s stock worth $391,000 after acquiring an additional 2,846 shares during the period. Barclays PLC raised its holdings in shares of Nano-X Imaging by 258.5% during the third quarter. Barclays PLC now owns 86,181 shares of the company’s stock worth $523,000 after purchasing an additional 62,140 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Nano-X Imaging by 2.2% during the third quarter. Geode Capital Management LLC now owns 677,853 shares of the company’s stock valued at $4,121,000 after purchasing an additional 14,560 shares during the period. 21.49% of the stock is currently owned by hedge funds and other institutional investors.

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.