Nano-X Imaging (NASDAQ:NNOX) Coverage Initiated at D. Boral Capital

Equities research analysts at D. Boral Capital started coverage on shares of Nano-X Imaging (NASDAQ:NNOX) in a research note issued on Monday, Marketbeat Ratings reports. The firm set a “buy” rating and a $23.00 price target on the stock. D. Boral Capital’s price objective indicates a potential upside of 144.42% from the company’s current price.

Separately, Cantor Fitzgerald raised their price objective on 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 NNOX stock opened at $9.41 on Monday. The company’s fifty day moving average price is $6.84 and its two-hundred day moving average price is $6.83. The firm has a market capitalization of $543.70 million, a P/E ratio of -11.07 and a beta of 1.97. Nano-X Imaging has a 12 month low of $5.26 and a 12 month high of $14.28.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its stake in shares of Nano-X Imaging by 258.5% in the 3rd quarter. Barclays PLC now owns 86,181 shares of the company’s stock valued at $523,000 after purchasing an additional 62,140 shares in the last quarter. State Street Corp raised its stake in Nano-X Imaging by 2.1% during the third quarter. State Street Corp now owns 983,305 shares of the company’s stock valued at $5,978,000 after buying an additional 20,279 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Nano-X Imaging by 14.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,210 shares of the company’s stock worth $148,000 after buying an additional 2,600 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Nano-X Imaging in the 3rd quarter worth approximately $88,000. Finally, Van ECK Associates Corp grew its position in shares of Nano-X Imaging by 14.1% in the 2nd quarter. Van ECK Associates Corp now owns 22,293 shares of the company’s stock worth $164,000 after acquiring an additional 2,755 shares in the last quarter. 21.49% of the stock is currently owned by 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.