Nano-X Imaging (NASDAQ:NNOX) Issues Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Nano-X Imaging (NASDAQ:NNOX) posted its quarterly earnings data on Monday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.08), Zacks reports. Nano-X Imaging had a negative net margin of 465.38% and a negative return on equity of 27.63%.

Nano-X Imaging Stock Down 4.6 %

NNOX opened at $4.99 on Tuesday. The business’s fifty day simple moving average is $6.55 and its 200 day simple moving average is $6.64. Nano-X Imaging has a 52 week low of $4.61 and a 52 week high of $11.39. The stock has a market cap of $288.32 million, a PE ratio of -5.87 and a beta of 1.99.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NNOX shares. Cantor Fitzgerald lifted their price target 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. D. Boral Capital reiterated a “buy” rating and set a $15.00 target price on shares of Nano-X Imaging in a research report on Monday.

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.