Nano-X Imaging Sees Unusually Large Options Volume (NASDAQ:NNOX)

Nano-X Imaging Ltd. (NASDAQ:NNOX) was the recipient of some unusual options trading activity on Friday. Stock investors acquired 6,184 put options on the company. This is an increase of 42% compared to the average daily volume of 4,350 put options.

Nano-X Imaging Trading Down 4.2 %

Shares of NASDAQ NNOX opened at $5.23 on Friday. Nano-X Imaging has a one year low of $5.06 and a one year high of $11.39. The business has a fifty day simple moving average of $6.62 and a 200 day simple moving average of $6.65. The firm has a market capitalization of $302.18 million, a price-to-earnings ratio of -6.15 and a beta of 1.99.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Nano-X Imaging

Hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in Nano-X Imaging by 2.1% in the third quarter. State Street Corp now owns 983,305 shares of the company’s stock worth $5,978,000 after purchasing an additional 20,279 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Nano-X Imaging by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 688,512 shares of the company’s stock worth $4,957,000 after buying an additional 10,659 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Nano-X Imaging by 71.3% in the 4th quarter. Northern Trust Corp now owns 621,365 shares of the company’s stock worth $4,474,000 after buying an additional 258,580 shares in the last quarter. ARK Investment Management LLC boosted its stake in Nano-X Imaging by 19.0% in the 4th quarter. ARK Investment Management LLC now owns 300,757 shares of the company’s stock valued at $2,165,000 after buying an additional 48,124 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Nano-X Imaging by 4.6% in the fourth quarter. Bank of New York Mellon Corp now owns 146,551 shares of the company’s stock valued at $1,055,000 after acquiring an additional 6,449 shares during the period. Institutional investors and hedge funds own 21.49% of the company’s stock.

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.