Stock Traders Buy Large Volume of Call Options on Nano-X Imaging (NASDAQ:NNOX)

Nano-X Imaging Ltd. (NASDAQ:NNOX) was the recipient of some unusual options trading on Thursday. Stock traders acquired 11,308 call options on the company. This is an increase of approximately 257% compared to the average daily volume of 3,171 call options.

Nano-X Imaging Trading Up 21.9 %

NNOX stock traded up $1.58 during midday trading on Thursday, hitting $8.78. The company’s stock had a trading volume of 9,100,353 shares, compared to its average volume of 2,012,700. The firm’s 50-day moving average is $6.56 and its 200-day moving average is $6.77. Nano-X Imaging has a 12 month low of $5.26 and a 12 month high of $14.28. The company has a market cap of $507.30 million, a PE ratio of -10.33 and a beta of 2.02.

Analyst Ratings Changes

Separately, Cantor Fitzgerald raised 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 report on Friday, December 6th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of Nano-X Imaging by 16.7% during 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 third quarter valued at $140,000. Tidal Investments LLC lifted its stake in 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 purchasing an additional 2,846 shares during the last quarter. Barclays PLC boosted its holdings in Nano-X Imaging by 258.5% during the 3rd quarter. Barclays PLC now owns 86,181 shares of the company’s stock valued at $523,000 after acquiring an additional 62,140 shares during the period. Finally, Geode Capital Management LLC increased its stake in Nano-X Imaging by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 677,853 shares of the company’s stock worth $4,121,000 after buying an additional 14,560 shares during the period. Hedge funds and other institutional investors own 21.49% of the company’s stock.

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.