Tower Research Capital LLC TRC Increases Stake in Nano-X Imaging Ltd. (NASDAQ:NNOX)

Tower Research Capital LLC TRC raised its position in Nano-X Imaging Ltd. (NASDAQ:NNOX) by 471.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,425 shares of the company’s stock after acquiring an additional 6,950 shares during the period. Tower Research Capital LLC TRC’s holdings in Nano-X Imaging were worth $54,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ibex Investors LLC purchased a new position in Nano-X Imaging during the third quarter worth about $3,975,000. ARK Investment Management LLC increased its position in Nano-X Imaging by 107.3% during the 4th quarter. ARK Investment Management LLC now owns 309,095 shares of the company’s stock worth $1,969,000 after purchasing an additional 160,023 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of Nano-X Imaging during the 3rd quarter worth approximately $179,000. Jump Financial LLC acquired a new stake in shares of Nano-X Imaging in the 3rd quarter valued at approximately $161,000. Finally, Taylor Frigon Capital Management LLC lifted its holdings in shares of Nano-X Imaging by 16.8% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 123,104 shares of the company’s stock valued at $808,000 after buying an additional 17,706 shares during the period. Hedge funds and other institutional investors own 21.49% of the company’s stock.

Nano-X Imaging Stock Performance

NNOX stock traded up $0.02 during trading on Monday, reaching $8.98. 535,193 shares of the company were exchanged, compared to its average volume of 3,253,745. The stock’s 50 day moving average price is $9.99 and its 200 day moving average price is $7.55. Nano-X Imaging Ltd. has a 52-week low of $4.89 and a 52-week high of $22.69. The company has a market cap of $518.86 million, a P/E ratio of -8.39 and a beta of 2.15.

Nano-X Imaging (NASDAQ:NNOX) last announced its quarterly earnings results on Monday, April 1st. The company reported ($0.18) EPS for the quarter. The firm had revenue of $2.40 million for the quarter. Nano-X Imaging had a negative return on equity of 30.47% and a negative net margin of 613.59%. As a group, equities research analysts forecast that Nano-X Imaging Ltd. will post -0.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $18.00 price objective on shares of Nano-X Imaging in a research report on Thursday, February 15th.

Nano-X Imaging Profile

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.