Nano-X Imaging (NASDAQ:NNOX) Trading Up 8% - Should You Buy?

Nano-X Imaging Ltd. (NASDAQ:NNOX - Get Free Report) shares shot up 8% during trading on Wednesday . The stock traded as high as $9.16 and last traded at $9.05. 1,851,211 shares were traded during trading, a decline of 62% from the average session volume of 4,872,062 shares. The stock had previously closed at $8.38.Get Nano-X Imaging alerts:Analysts Set New Price TargetsNano-X Imaging NASDAQ: NNOX Stock: Reimagining the X-RayNNOX has been the subject of a number of recent research reports. D. Boral Capital assumed coverage on shares of Nano-X Imaging in a research report on Monday, January 6th. They issued a "buy" rating and a $23.00 target price for the company. Cantor Fitzgerald increased their price objective on shares of Nano-X Imaging from $11.00 to $12.00 and gave the company an "overweight" rating in a report on Friday, December 6th.Get Our Latest Report on NNOXNano-X Imaging Stock PerformanceThe stock has a market cap of $476.11 million, a price-to-earnings ratio of -9.69 and a beta of 1.97. The firm's 50-day moving average price is $7.37 and its two-hundred day moving average price is $6.95. Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The company reported ($0.23) EPS for the quarter. Nano-X Imaging had a negative net margin of 465.38% and a negative return on equity of 27.63%. During the same quarter in the previous year, the business posted ($0.37) EPS. As a group, sell-side analysts expect that Nano-X Imaging Ltd. will post -0.92 earnings per share for the current fiscal year. Institutional Trading of Nano-X ImagingInstitutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in Nano-X Imaging during the third quarter worth about $25,000. Verition Fund Management LLC acquired a new position in shares of Nano-X Imaging in the 3rd quarter worth approximately $88,000. Gainplan LLC purchased a new position in shares of Nano-X Imaging during the 4th quarter worth approximately $92,000. Creative Planning acquired a new stake in Nano-X Imaging in the 3rd quarter valued at approximately $107,000. Finally, Intech Investment Management LLC purchased a new stake in Nano-X Imaging in the third quarter valued at approximately $124,000. 21.49% of the stock is currently owned by hedge funds and other institutional investors. About Nano-X Imaging (Get Free Report)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.See AlsoFive stocks we like better than Nano-X ImagingInvesting in Commodities: What Are They? How to Invest in ThemWhy Energy Transfer Stock Could Soar to New Highs in 20253 Home Improvement Stocks that Can Upgrade Your Portfolio3 Buy-and-Hold Stocks for Long-Term GrowthStocks with Unusual Volume: How to Find Unusual Volume Stocks in Real TimeDespite Short-Term Risks Freeport McMoran Worth a LookThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Nano-X Imaging Right Now?Before you consider Nano-X Imaging, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nano-X Imaging wasn't on the list.While Nano-X Imaging currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here