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

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

Nano-X Imaging Trading Down 4.6 %

NNOX opened at $4.99 on Tuesday. Nano-X Imaging has a 12 month low of $4.61 and a 12 month high of $11.39. The company has a market cap of $288.32 million, a PE ratio of -5.87 and a beta of 1.99. The company has a 50 day moving average of $6.55 and a 200 day moving average of $6.64.

Wall Street Analyst Weigh In

NNOX has been the topic of several research reports. D. Boral Capital restated a “buy” rating and issued a $15.00 target price on shares of Nano-X Imaging in a research note on Monday. Cantor Fitzgerald lifted their price objective on Nano-X Imaging from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, December 6th.

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.