FY2024 EPS Estimates for Nano-X Imaging Cut by Analyst

Nano-X Imaging Ltd. (NASDAQ:NNOX) – Investment analysts at Cantor Fitzgerald decreased their FY2024 earnings per share estimates for shares of Nano-X Imaging in a research report issued on Tuesday, November 26th. Cantor Fitzgerald analyst R. Osborn now forecasts that the company will post earnings per share of ($0.96) 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 Stock Performance

Shares of NASDAQ:NNOX opened at $6.28 on Thursday. Nano-X Imaging has a 52-week low of $5.26 and a 52-week high of $14.28. The business’s 50 day simple moving average is $6.05 and its two-hundred day simple moving average is $7.04. The firm has a market cap of $362.86 million, a P/E ratio of -7.39 and a beta of 2.01.

Hedge Funds Weigh In On Nano-X Imaging

Institutional investors have recently modified their holdings of the company. Franklin Resources Inc. bought a new stake in Nano-X Imaging during the 3rd quarter valued at $140,000. Tidal Investments LLC grew its holdings in shares of Nano-X Imaging by 4.6% during 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 last quarter. 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% in the 3rd 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 last quarter. 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. 21.49% of the stock is owned by institutional investors and hedge funds.

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.