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

Equities research analysts at D. Boral Capital initiated coverage on shares of Nano-X Imaging (NASDAQ:NNOX) in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage set a “buy” rating and a $23.00 price target on the stock. D. Boral Capital’s price objective would indicate a potential upside of 148.65% from the company’s current price.

Separately, Cantor Fitzgerald boosted their price target 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 Stock Up 4.3 %

Shares of NNOX stock opened at $9.25 on Monday. Nano-X Imaging has a 12-month low of $5.26 and a 12-month high of $14.28. The firm has a 50 day moving average price of $6.69 and a two-hundred day moving average price of $6.79. The company has a market capitalization of $534.46 million, a PE ratio of -10.88 and a beta of 1.97.

Hedge Funds Weigh In On Nano-X Imaging

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