Cantor Fitzgerald Cuts Nano-X Imaging (NASDAQ:NNOX) Price Target to $11.00

Nano-X Imaging (NASDAQ:NNOX) had its price objective reduced by Cantor Fitzgerald from $14.00 to $11.00 in a report published on Tuesday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Nano-X Imaging Price Performance

Shares of Nano-X Imaging stock opened at $6.07 on Tuesday. The company’s fifty day simple moving average is $6.05 and its 200-day simple moving average is $7.05. The stock has a market capitalization of $350.72 million, a PE ratio of -7.14 and a beta of 2.01. Nano-X Imaging has a 1-year low of $5.26 and a 1-year high of $14.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Griffin Asset Management Inc. lifted its stake in shares of Nano-X Imaging by 0.7% during the 2nd quarter. Griffin Asset Management Inc. now owns 203,911 shares of the company’s stock valued at $1,497,000 after buying an additional 1,500 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Nano-X Imaging by 13.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,716 shares of the company’s stock valued at $135,000 after buying an additional 1,612 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Nano-X Imaging by 17.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,000 shares of the company’s stock valued at $156,000 after buying an additional 2,380 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of 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 valued at $148,000 after buying an additional 2,600 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Nano-X Imaging by 14.1% during the 2nd quarter. Van ECK Associates Corp now owns 22,293 shares of the company’s stock valued at $164,000 after buying an additional 2,755 shares in the last quarter. Hedge funds and other institutional investors own 21.49% of the company’s stock.

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.