Nano-X Imaging (NASDAQ:NNOX) Shares Up 7.5%

Nano-X Imaging Ltd. (NASDAQ:NNOX) shares traded up 7.5% on Friday . The company traded as high as $9.19 and last traded at $9.15. 1,152,579 shares were traded during mid-day trading, a decline of 52% from the average session volume of 2,384,927 shares. The stock had previously closed at $8.51.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reissued an “overweight” rating and set a $18.00 target price on shares of Nano-X Imaging in a research note on Wednesday, May 29th.

Nano-X Imaging Stock Up 4.7 %

The stock has a 50-day moving average price of $8.20 and a 200 day moving average price of $8.32. The firm has a market capitalization of $514.82 million, a price-to-earnings ratio of -8.42 and a beta of 2.04.

Nano-X Imaging (NASDAQ:NNOX) last issued its quarterly earnings results on Tuesday, May 28th. The company reported ($0.21) earnings per share for the quarter. Nano-X Imaging had a negative return on equity of 31.57% and a negative net margin of 611.89%. The company had revenue of $2.55 million for the quarter. During the same period in the previous year, the company posted ($0.21) earnings per share. As a group, equities analysts forecast that Nano-X Imaging Ltd. will post -0.86 earnings per share for the current fiscal year.

Institutional Trading of Nano-X Imaging

A number of institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Nano-X Imaging by 13.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,716 shares of the company’s stock valued at $135,000 after purchasing an additional 1,612 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in 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 acquiring an additional 2,380 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Nano-X Imaging by 27.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,133 shares of the company’s stock worth $109,000 after buying an additional 3,639 shares during the last quarter. Olympiad Research LP grew its holdings in shares of Nano-X Imaging by 35.1% in the 4th quarter. Olympiad Research LP now owns 16,832 shares of the company’s stock worth $107,000 after acquiring an additional 4,375 shares during the last quarter. Finally, Tempus Wealth Planning LLC raised its holdings in Nano-X Imaging by 4.7% during the 1st quarter. Tempus Wealth Planning LLC now owns 105,215 shares of the company’s stock worth $1,028,000 after buying an additional 4,750 shares during the period. 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.