11,481 Shares in Nano-X Imaging Ltd. $NNOX Bought by Gainplan LLC

Gainplan LLC bought a new position in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,481 shares of the company’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. PFG Advisors boosted its stake in Nano-X Imaging by 25.3% in the first quarter. PFG Advisors now owns 12,782 shares of the company’s stock valued at $64,000 after acquiring an additional 2,582 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in Nano-X Imaging by 16.5% in the first quarter. OneDigital Investment Advisors LLC now owns 32,271 shares of the company’s stock valued at $161,000 after acquiring an additional 4,570 shares in the last quarter. Rhumbline Advisers boosted its stake in Nano-X Imaging by 6.6% in the first quarter. Rhumbline Advisers now owns 76,728 shares of the company’s stock valued at $383,000 after acquiring an additional 4,756 shares in the last quarter. GAMMA Investing LLC boosted its stake in Nano-X Imaging by 1,755.9% in the first quarter. GAMMA Investing LLC now owns 7,962 shares of the company’s stock valued at $40,000 after acquiring an additional 7,533 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Nano-X Imaging by 20.9% in the first quarter. Hsbc Holdings PLC now owns 47,984 shares of the company’s stock valued at $237,000 after acquiring an additional 8,308 shares in the last quarter. Institutional investors and hedge funds own 21.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NNOX shares. LADENBURG THALM/SH SH upgraded shares of Nano-X Imaging to a “strong-buy” rating in a research note on Monday, July 14th. D. Boral Capital reiterated a “buy” rating and set a $8.00 target price on shares of Nano-X Imaging in a research note on Friday, September 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano-X Imaging in a research note on Saturday, September 27th. Finally, Alliance Global Partners upgraded shares of Nano-X Imaging to a “strong-buy” rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Nano-X Imaging presently has an average rating of “Buy” and an average target price of $8.50.

Nano-X Imaging Stock Down 3.6%

NASDAQ NNOX opened at $3.98 on Wednesday. The stock has a market capitalization of $229.96 million, a P/E ratio of -4.42 and a beta of 1.89. Nano-X Imaging Ltd. has a 52-week low of $3.60 and a 52-week high of $11.00. The firm has a 50-day moving average price of $4.10 and a 200 day moving average price of $4.77.

Nano-X Imaging (NASDAQ:NNOX) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.08). The firm had revenue of $3.04 million for the quarter, compared to analysts’ expectations of $3.20 million. Nano-X Imaging had a negative return on equity of 32.09% and a negative net margin of 468.29%. On average, equities research analysts expect that Nano-X Imaging Ltd. will post -0.92 earnings per share for the current fiscal year.

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.