Nano-X Imaging (NASDAQ:NNOX) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Nano-X Imaging (NASDAQ:NNOX) issued its quarterly earnings results on Monday. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.08), Zacks reports. Nano-X Imaging had a negative return on equity of 27.63% and a negative net margin of 465.38%. The company had revenue of $3.00 million during the quarter, compared to the consensus estimate of $3.80 million.

Nano-X Imaging Trading Down 3.2 %

Shares of NNOX opened at $4.83 on Wednesday. The company has a market cap of $279.07 million, a price-to-earnings ratio of -5.68 and a beta of 1.99. The business’s fifty day simple moving average is $6.48 and its two-hundred day simple moving average is $6.63. Nano-X Imaging has a 12 month low of $4.61 and a 12 month high of $11.39.

Analysts Set New Price Targets

Several research firms have recently issued reports on NNOX. D. Boral Capital reaffirmed a “buy” rating and issued a $15.00 price target on shares of Nano-X Imaging in a research report on Monday. Cantor Fitzgerald reduced their price objective on shares of Nano-X Imaging from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday.

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.