FY2024 EPS Estimate for Nano-X Imaging Decreased by Analyst

Nano-X Imaging Ltd. (NASDAQ:NNOX) – Equities researchers at Cantor Fitzgerald reduced their FY2024 EPS estimates for shares of Nano-X Imaging in a research report issued on Tuesday, November 26th. Cantor Fitzgerald analyst R. Osborn now expects that the company will post earnings of ($0.96) per share for the year, down from their previous forecast of ($0.89). Cantor Fitzgerald currently has a “Overweight” rating and a $11.00 target price on the stock. The consensus estimate for Nano-X Imaging’s current full-year earnings is ($0.88) per share.

Nano-X Imaging Trading Up 3.5 %

NNOX stock opened at $6.28 on Thursday. Nano-X Imaging has a 1-year low of $5.26 and a 1-year high of $14.28. The firm has a market cap of $362.85 million, a PE ratio of -7.39 and a beta of 2.01. The business’s 50-day moving average price is $6.05 and its two-hundred day moving average price is $7.04.

Institutional Investors Weigh In On Nano-X Imaging

A number of hedge funds have recently modified their holdings of the business. Franklin Resources Inc. bought a new stake in Nano-X Imaging during the 3rd quarter worth approximately $140,000. Tidal Investments LLC boosted its holdings in shares of Nano-X Imaging by 4.6% in the third quarter. Tidal Investments LLC now owns 64,387 shares of the company’s stock valued at $391,000 after buying an additional 2,846 shares during the period. Barclays PLC increased its position in shares of Nano-X Imaging by 258.5% during the third quarter. Barclays PLC now owns 86,181 shares of the company’s stock worth $523,000 after acquiring an additional 62,140 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Nano-X Imaging by 2.2% during the third quarter. Geode Capital Management LLC now owns 677,853 shares of the company’s stock worth $4,121,000 after acquiring an additional 14,560 shares during the period. Finally, State Street Corp lifted its position in 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 acquiring an additional 20,279 shares in the last quarter. Institutional investors and hedge funds 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.