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. Traders acquired 6,184 put options on the stock. This is an increase of approximately 42% compared to the typical volume of 4,350 put options.

Analysts Set New Price Targets

NNOX has been the topic of a number of research analyst reports. Cantor Fitzgerald boosted their target price on shares of Nano-X Imaging from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. D. Boral Capital reissued a “buy” rating and set a $23.00 price objective on shares of Nano-X Imaging in a report on Tuesday, February 25th.

Hedge Funds Weigh In On Nano-X Imaging

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp lifted its stake in Nano-X Imaging by 71.3% in the fourth quarter. Northern Trust Corp now owns 621,365 shares of the company’s stock valued at $4,474,000 after buying an additional 258,580 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Nano-X Imaging in the 4th quarter valued at $459,000. Barclays PLC lifted 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 valued at $523,000 after acquiring an additional 62,140 shares in the last quarter. Headlands Technologies LLC acquired a new position in Nano-X Imaging in the 4th quarter worth $389,000. Finally, ARK Investment Management LLC increased its holdings in Nano-X Imaging by 19.0% during the 4th quarter. ARK Investment Management LLC now owns 300,757 shares of the company’s stock worth $2,165,000 after purchasing an additional 48,124 shares in the last quarter. Institutional investors and hedge funds own 21.49% of the company’s stock.

Nano-X Imaging Stock Performance

NNOX traded down $0.29 during midday trading on Friday, reaching $5.18. 2,013,590 shares of the company were exchanged, compared to its average volume of 1,743,541. The stock has a market capitalization of $299.01 million, a P/E ratio of -6.09 and a beta of 1.99. Nano-X Imaging has a one year low of $5.07 and a one year high of $11.39. The stock’s 50-day simple moving average is $6.68 and its 200 day simple moving average is $6.65.

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.