Investors Purchase Large Volume of Call Options on Nano-X Imaging (NASDAQ:NNOX)

Nano-X Imaging Ltd. (NASDAQ:NNOX) was the recipient of unusually large options trading activity on Thursday. Traders acquired 11,308 call options on the stock. This represents an increase of 257% compared to the typical daily volume of 3,171 call options.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald boosted their target price 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 Price Performance

Shares of Nano-X Imaging stock traded up $1.58 on Thursday, hitting $8.78. The company had a trading volume of 9,100,353 shares, compared to its average volume of 2,012,700. The stock has a 50-day moving average of $6.56 and a 200-day moving average of $6.77. The firm has a market capitalization of $507.30 million, a P/E ratio of -10.33 and a beta of 2.02. Nano-X Imaging has a twelve month low of $5.26 and a twelve month high of $14.28.

Institutional Investors Weigh In On Nano-X Imaging

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new position in shares of Nano-X Imaging during the third quarter valued at about $25,000. Verition Fund Management LLC bought a new position in Nano-X Imaging during the third quarter worth about $88,000. Creative Planning purchased a new stake in shares of Nano-X Imaging during the third quarter worth $107,000. Intech Investment Management LLC purchased a new position in Nano-X Imaging during the 3rd quarter valued at about $124,000. Finally, SG Americas Securities LLC purchased a new stake in Nano-X Imaging in the 3rd quarter worth approximately $124,000. 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.