Nano-X Imaging (NASDAQ:NNOX) Shares Up 8% – What’s Next?

Nano-X Imaging Ltd. (NASDAQ:NNOX)’s stock price was up 8% during mid-day trading on Friday . The stock traded as high as $9.68 and last traded at $9.58. Approximately 1,704,788 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 6,702,053 shares. The stock had previously closed at $8.87.

Analyst Ratings Changes

Separately, Cantor Fitzgerald raised their price objective 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.

Nano-X Imaging Stock Performance

The stock has a market cap of $521.17 million, a PE ratio of -10.61 and a beta of 2.02. The firm’s 50-day moving average is $6.62 and its 200 day moving average is $6.78.

Institutional Investors Weigh In On Nano-X Imaging

Large investors have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Nano-X Imaging by 2.1% in the 3rd quarter. State Street Corp now owns 983,305 shares of the company’s stock valued at $5,978,000 after purchasing an additional 20,279 shares during the last quarter. Geode Capital Management LLC raised its stake 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 buying an additional 14,560 shares in the last quarter. ARK Investment Management LLC increased its holdings in shares of Nano-X Imaging by 5.2% in the 3rd quarter. ARK Investment Management LLC now owns 252,633 shares of the company’s stock valued at $1,536,000 after acquiring an additional 12,408 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Nano-X Imaging by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 185,167 shares of the company’s stock worth $1,359,000 after purchasing an additional 13,085 shares during the last quarter. Finally, Tempus Wealth Planning LLC raised its holdings in shares of Nano-X Imaging by 3.6% during the third quarter. Tempus Wealth Planning LLC now owns 121,137 shares of the company’s stock worth $737,000 after purchasing an additional 4,230 shares during the period. 21.49% of the stock is owned by institutional investors and hedge funds.

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.