SBI Securities Co. Ltd. Purchases Shares of 26,978 Nano-X Imaging Ltd. (NASDAQ:NNOX)

SBI Securities Co. Ltd. acquired a new position in Nano-X Imaging Ltd. (NASDAQ:NNOX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,978 shares of the company’s stock, valued at approximately $194,000.

A number of other hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC acquired a new position in Nano-X Imaging during the 3rd quarter worth approximately $25,000. US Bancorp DE raised its stake in shares of Nano-X Imaging by 388.7% during the fourth quarter. US Bancorp DE now owns 3,470 shares of the company’s stock valued at $25,000 after purchasing an additional 2,760 shares during the period. Quantum Private Wealth LLC acquired a new position in shares of Nano-X Imaging during the fourth quarter worth $72,000. Verition Fund Management LLC purchased a new position in shares of Nano-X Imaging in the third quarter valued at $88,000. Finally, Gainplan LLC acquired a new stake in Nano-X Imaging during the 4th quarter valued at $92,000. Hedge funds and other institutional investors own 21.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NNOX shares. D. Boral Capital reiterated a “buy” rating and issued 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 stock an “overweight” rating in a research note on Friday, December 6th.

Nano-X Imaging Trading Down 4.2 %

Nano-X Imaging stock opened at $6.12 on Friday. Nano-X Imaging Ltd. has a 52 week low of $5.27 and a 52 week high of $12.28. The stock has a market cap of $353.61 million, a P/E ratio of -7.20 and a beta of 1.99. The stock has a 50 day moving average of $7.45 and a 200-day moving average of $6.74.

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.