Key Points
- Nano-X Imaging CEO Erez Meltzer bought 25,000 shares at an average price of $0.45, investing $11,250 and increasing his direct holdings by 38.2% to 90,443 shares.
- The purchase continues a series of insider buys by Meltzer since July, totaling 90,443 shares, while NNOX traded near $0.41—close to its 52-week low of $0.36 and well below its 52-week high of $4.71.
- Nano-X reported weaker-than-expected quarterly results, including an adjusted loss of $0.79 per share versus an expected loss of $0.16 and revenue of $4.16 million versus $5.38 million expected. Analysts nonetheless maintain a consensus “Moderate Buy” rating with a $4.33 price target.
Nano-X Imaging Ltd. (NASDAQ:NNOX - Get Free Report) CEO Erez Meltzer bought 25,000 shares of the company's stock in a transaction on Monday, October 19th. The shares were acquired at an average price of $0.45 per share, for a total transaction of $11,250.00. Following the transaction, the chief executive officer directly owned 90,443 shares in the company, valued at $40,699.35. This trade represents a 38.20% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Erez Meltzer also recently made the following trade(s):
- On Tuesday, September 15th, Erez Meltzer bought 10,000 shares of Nano-X Imaging stock. The shares were acquired at an average cost of $0.69 per share, with a total value of $6,900.00.
- On Thursday, September 10th, Erez Meltzer purchased 10,000 shares of Nano-X Imaging stock. The stock was acquired at an average cost of $0.78 per share, with a total value of $7,800.00.
- On Monday, August 10th, Erez Meltzer purchased 9,443 shares of Nano-X Imaging stock. The stock was acquired at an average cost of $1.03 per share, with a total value of $9,726.29.
- On Monday, July 27th, Erez Meltzer purchased 36,000 shares of Nano-X Imaging stock. The stock was acquired at an average price of $0.93 per share, for a total transaction of $33,480.00.
Nano-X Imaging Price Performance
Nano-X Imaging stock opened at $0.41 on Wednesday. The stock's 50 day moving average price is $0.73 and its 200 day moving average price is $1.30. Nano-X Imaging Ltd. has a 1-year low of $0.36 and a 1-year high of $4.71. The company has a market cap of $32.48 million, a PE ratio of -0.19 and a beta of 1.28.
Nano-X Imaging (NASDAQ:NNOX - Get Free Report) last released its quarterly earnings data on Wednesday, September 9th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.63). The business had revenue of $4.16 million during the quarter, compared to analysts' expectations of $5.38 million. Nano-X Imaging had a negative return on equity of 116.93% and a negative net margin of 926.05%. On average, equities research analysts anticipate that Nano-X Imaging Ltd. will post -1.23 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 price target on shares of Nano-X Imaging in a research note on Monday, August 17th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Nano-X Imaging in a research note on Friday, October 2nd. Finally, Alliance Global Partners cut shares of Nano-X Imaging from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $5.00 to $3.00 in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $4.33.
View Our Latest Stock Report on NNOX
Institutional Investors Weigh In On Nano-X Imaging
Several institutional investors have recently modified their holdings of NNOX. Engineers Gate Manager LP acquired a new stake in shares of Nano-X Imaging in the 2nd quarter worth approximately $42,000. Squarepoint Ops LLC purchased a new position in Nano-X Imaging in the 2nd quarter valued at approximately $66,000. PCM Encore LLC acquired a new position in Nano-X Imaging during the second quarter worth $53,000. Bank of America Corp DE raised its holdings in Nano-X Imaging by 711.1% during the first quarter. Bank of America Corp DE now owns 484,328 shares of the company's stock worth $1,099,000 after purchasing an additional 424,618 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Nano-X Imaging by 27.8% during the first quarter. Royal Bank of Canada now owns 194,166 shares of the company's stock worth $440,000 after purchasing an additional 42,273 shares during the last quarter. Hedge funds and other institutional investors own 21.49% of the company's stock.
About Nano-X Imaging
(
Get Free Report)
Nano-X Imaging Ltd. is a medical technology company developing digital X-ray and medical imaging solutions. Its primary product is the Nanox.ARC, a digitally driven X-ray system designed to provide imaging capabilities in hospitals, clinics and other healthcare settings. The company's approach is intended to support more accessible and affordable diagnostic imaging, including in locations where conventional radiology infrastructure may be limited.
Nano-X also offers cloud-based services through its Nanox.CLOUD platform, which is designed to connect imaging devices, manage examinations and facilitate the transmission and review of medical images.
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