Nano-X Imaging (NASDAQ:NNOX) Shares Gap Down to $48.55

Nano-X Imaging Ltd. (NASDAQ:NNOX)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $48.55, but opened at $46.75. Nano-X Imaging shares last traded at $44.91, with a volume of 25,611 shares trading hands.

Several research analysts have issued reports on NNOX shares. Zacks Investment Research raised shares of Nano-X Imaging from a “sell” rating to a “hold” rating in a report on Friday, February 5th. Cantor Fitzgerald reduced their price target on shares of Nano-X Imaging from $70.00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, February 1st.

The business has a fifty day moving average price of $45.27 and a 200-day moving average price of $46.10.

Nano-X Imaging (NASDAQ:NNOX) last released its quarterly earnings data on Monday, March 1st. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.02. As a group, equities analysts predict that Nano-X Imaging Ltd. will post -0.94 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Swiss National Bank bought a new position in Nano-X Imaging during the fourth quarter valued at approximately $1,201,000. Jane Street Group LLC purchased a new stake in Nano-X Imaging during the 3rd quarter valued at $318,000. GSA Capital Partners LLP bought a new position in shares of Nano-X Imaging during the 4th quarter valued at $729,000. Ausdal Financial Partners Inc. purchased a new position in shares of Nano-X Imaging in the 4th quarter worth $244,000. Finally, Deerfield Management Company L.P. Series C bought a new stake in shares of Nano-X Imaging in the third quarter worth $17,922,000. Hedge funds and other institutional investors own 6.16% of the company’s stock.

Nano-X Imaging Company Profile (NASDAQ:NNOX)

Nano-X Imaging Ltd. engages in developing and producing X-ray source technology for the medical imaging industry in the United States. Its X-ray source is based on a novel digital microelectromechanical system semiconductor cathode. The company also develops a prototype of the Nanox.ARC, a medical imaging system incorporating its novel digital X-ray source; and Nanox.CLOUD, a companion cloud software that will allow for the delivery of medical screening as a service.

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