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

Nano-X Imaging (NASDAQ:NNOX) had its target price lowered by Cantor Fitzgerald from $14.00 to $11.00 in a report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock. Cantor Fitzgerald also issued estimates for Nano-X Imaging’s FY2024 earnings at ($0.96) EPS.

Nano-X Imaging Stock Up 3.5 %

NNOX stock opened at $6.28 on Tuesday. The firm has a 50 day moving average of $6.05 and a two-hundred day moving average of $7.04. Nano-X Imaging has a 12 month low of $5.26 and a 12 month high of $14.28. The company has a market capitalization of $362.85 million, a price-to-earnings ratio of -7.39 and a beta of 2.01.

Hedge Funds Weigh In On Nano-X Imaging

Hedge funds have recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Nano-X Imaging by 2.1% during the 3rd quarter. State Street Corp now owns 983,305 shares of the company’s stock worth $5,978,000 after acquiring an additional 20,279 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Nano-X Imaging by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 677,853 shares of the company’s stock worth $4,121,000 after purchasing an additional 14,560 shares during the last quarter. Tidal Investments LLC bought a new stake in Nano-X Imaging during the first quarter worth approximately $2,498,000. ARK Investment Management LLC grew its holdings in Nano-X Imaging by 5.2% during the third quarter. ARK Investment Management LLC now owns 252,633 shares of the company’s stock valued at $1,536,000 after purchasing an additional 12,408 shares during the last quarter. Finally, Griffin Asset Management Inc. raised its position in shares of Nano-X Imaging by 0.7% in the second quarter. Griffin Asset Management Inc. now owns 203,911 shares of the company’s stock valued at $1,497,000 after purchasing an additional 1,500 shares during the period. 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.