FY2024 EPS Forecast for Nano-X Imaging Decreased by Analyst

Nano-X Imaging Ltd. (NASDAQ:NNOX) – Analysts at Cantor Fitzgerald decreased their FY2024 earnings per share (EPS) estimates for shares of Nano-X Imaging in a research report issued on Tuesday, November 26th. Cantor Fitzgerald analyst R. Osborn now forecasts that the company will post earnings of ($0.96) per share for the year, down from their previous estimate of ($0.89). Cantor Fitzgerald has a “Overweight” rating and a $11.00 price objective on the stock. The consensus estimate for Nano-X Imaging’s current full-year earnings is ($0.91) per share.

Nano-X Imaging Stock Up 2.9 %

Nano-X Imaging stock opened at $6.46 on Thursday. The stock has a 50-day moving average price of $6.05 and a 200 day moving average price of $7.01. The company has a market capitalization of $373.26 million, a price-to-earnings ratio of -7.60 and a beta of 2.01. Nano-X Imaging has a 52 week low of $5.26 and a 52 week high of $14.28.

Institutional Trading of Nano-X Imaging

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tidal Investments LLC purchased a new position in shares of Nano-X Imaging during the first quarter worth $2,498,000. Barclays PLC grew its position in Nano-X Imaging by 258.5% during the 3rd quarter. Barclays PLC now owns 86,181 shares of the company’s stock worth $523,000 after purchasing an additional 62,140 shares during the period. Franklin Resources Inc. purchased a new position in shares of Nano-X Imaging during the 3rd quarter valued at about $140,000. SG Americas Securities LLC acquired a new position in shares of Nano-X Imaging in the 3rd quarter valued at about $124,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Nano-X Imaging in the third quarter worth about $124,000. 21.49% of the stock is currently owned by institutional investors and hedge funds.

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.