Quantum Private Wealth LLC Buys Shares of 10,000 Nano-X Imaging Ltd. (NASDAQ:NNOX)

Quantum Private Wealth LLC bought a new stake in Nano-X Imaging Ltd. (NASDAQ:NNOX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $72,000.

A number of other hedge funds have also made changes to their positions in NNOX. Barclays PLC increased its position in Nano-X Imaging by 258.5% in the 3rd quarter. Barclays PLC now owns 86,181 shares of the company’s stock worth $523,000 after purchasing an additional 62,140 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Nano-X Imaging in the 4th quarter valued at approximately $178,000. Franklin Resources Inc. acquired a new position in Nano-X Imaging in the third quarter worth approximately $140,000. SG Americas Securities LLC bought a new stake in Nano-X Imaging in the third quarter worth approximately $124,000. Finally, Intech Investment Management LLC acquired a new position in shares of Nano-X Imaging during the 3rd quarter worth $124,000. 21.49% of the stock is owned by hedge funds and other institutional investors.

Nano-X Imaging Trading Down 11.0 %

Shares of NASDAQ:NNOX opened at $6.72 on Friday. The firm has a market capitalization of $388.28 million, a PE ratio of -7.91 and a beta of 1.96. Nano-X Imaging Ltd. has a 1-year low of $5.27 and a 1-year high of $14.28. The business’s 50 day moving average is $7.72 and its 200-day moving average is $6.84.

Nano-X Imaging (NASDAQ:NNOX) last announced its quarterly earnings results on Thursday, November 21st. The company reported ($0.23) EPS for the quarter. Nano-X Imaging had a negative return on equity of 27.63% and a negative net margin of 465.38%. During the same quarter in the prior year, the firm posted ($0.37) EPS. On average, sell-side analysts predict that Nano-X Imaging Ltd. will post -0.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NNOX shares. D. Boral Capital began coverage on shares of Nano-X Imaging in a report on Monday, January 6th. They issued a “buy” rating and a $23.00 price objective for the company. Cantor Fitzgerald upped their price target on Nano-X Imaging from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th.

Nano-X Imaging 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.