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

D. Boral Capital assumed coverage on shares of Nano-X Imaging (NASDAQ:NNOX) in a report issued on Monday, Marketbeat reports. The brokerage issued a buy rating and a $23.00 price objective on the stock.

Separately, Cantor Fitzgerald increased their price target on shares of Nano-X Imaging from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, December 6th.

Nano-X Imaging Price Performance

NNOX opened at $8.77 on Monday. Nano-X Imaging has a fifty-two week low of $5.26 and a fifty-two week high of $14.28. The company has a market cap of $506.72 million, a price-to-earnings ratio of -10.32 and a beta of 1.97. The firm has a 50 day simple moving average of $6.90 and a 200 day simple moving average of $6.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NNOX. Farther Finance Advisors LLC bought a new position in shares of Nano-X Imaging during the 3rd quarter valued at about $25,000. Verition Fund Management LLC acquired a new stake in Nano-X Imaging during the 3rd quarter worth approximately $88,000. Creative Planning acquired a new position in shares of Nano-X Imaging in the third quarter valued at approximately $107,000. Intech Investment Management LLC bought a new stake in shares of Nano-X Imaging during the third quarter worth $124,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Nano-X Imaging during the third quarter worth $124,000. 21.49% of the stock is owned by institutional investors and hedge funds.

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.