Nano-X Imaging Target of Unusually Large Options Trading (NASDAQ:NNOX)

Nano-X Imaging Ltd. (NASDAQ:NNOX) saw unusually large options trading activity on Friday. Investors acquired 6,184 put options on the company. This represents an increase of 42% compared to the average daily volume of 4,350 put options.

Analyst Ratings Changes

Several brokerages have commented on NNOX. D. Boral Capital reiterated a “buy” rating and set a $23.00 target price on shares of Nano-X Imaging in a research note on Tuesday, February 25th. Cantor Fitzgerald increased their price objective on Nano-X Imaging from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Friday, December 6th.

Institutional Investors Weigh In On Nano-X Imaging

Large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its stake in shares of Nano-X Imaging by 2.4% in the 4th quarter. Rhumbline Advisers now owns 71,972 shares of the company’s stock worth $518,000 after buying an additional 1,655 shares during the last quarter. US Bancorp DE lifted its holdings in Nano-X Imaging by 388.7% in the fourth quarter. US Bancorp DE now owns 3,470 shares of the company’s stock valued at $25,000 after acquiring an additional 2,760 shares during the period. Tidal Investments LLC lifted its holdings in Nano-X Imaging by 4.6% in the third quarter. Tidal Investments LLC now owns 64,387 shares of the company’s stock valued at $391,000 after acquiring an additional 2,846 shares during the period. SG Americas Securities LLC boosted its position in Nano-X Imaging by 20.6% in the fourth quarter. SG Americas Securities LLC now owns 24,661 shares of the company’s stock worth $178,000 after purchasing an additional 4,218 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Nano-X Imaging by 26.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,990 shares of the company’s stock valued at $159,000 after purchasing an additional 4,658 shares during the period. Institutional investors own 21.49% of the company’s stock.

Nano-X Imaging Stock Down 4.2 %

Shares of NNOX stock opened at $5.23 on Friday. The firm has a market capitalization of $302.18 million, a PE ratio of -6.15 and a beta of 1.99. The company has a 50 day moving average price of $6.62 and a 200-day moving average price of $6.65. Nano-X Imaging has a 52 week low of $5.06 and a 52 week high of $11.39.

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.