Nano-X Imaging (NASDAQ:NNOX) Upgraded by Zacks Research to Hold Rating

Nano-X Imaging (NASDAQ:NNOX) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. D. Boral Capital reissued a “buy” rating and set a $5.00 price objective on shares of Nano-X Imaging in a research note on Monday, April 20th. Cantor Fitzgerald upgraded Nano-X Imaging to a “strong-buy” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Nano-X Imaging in a research report on Friday, April 10th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $5.00.

Nano-X Imaging Trading Down 6.8%

NNOX opened at $1.51 on Monday. The firm has a market capitalization of $105.08 million, a PE ratio of -0.95 and a beta of 1.21. Nano-X Imaging has a twelve month low of $1.50 and a twelve month high of $5.69. The firm’s 50-day moving average price is $1.88 and its 200 day moving average price is $2.43.

Nano-X Imaging (NASDAQ:NNOX) last announced its quarterly earnings data on Monday, April 20th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.35). Nano-X Imaging had a negative net margin of 790.87% and a negative return on equity of 64.65%. The business had revenue of $3.72 million for the quarter, compared to analysts’ expectations of $3.99 million. During the same period in the prior year, the company posted ($0.21) EPS. As a group, analysts predict that Nano-X Imaging will post -0.65 earnings per share for the current fiscal year.

Institutional Trading of Nano-X Imaging

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of 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 valued at $1,099,000 after acquiring an additional 424,618 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Nano-X Imaging by 27.8% in the 1st quarter. Royal Bank of Canada now owns 194,166 shares of the company’s stock valued at $440,000 after buying an additional 42,273 shares during the period. Sei Investments Co. acquired a new position in Nano-X Imaging during the 1st quarter worth about $98,000. Independent Financial Group LLC acquired a new position in Nano-X Imaging in the 1st quarter valued at about $26,000. Finally, Hsbc Holdings PLC purchased a new stake in Nano-X Imaging during the first quarter worth about $35,000. 21.49% of the stock is currently owned by hedge funds and other institutional investors.

Nano-X Imaging News Roundup

Here are the key news stories impacting Nano-X Imaging this week:

• Neutral Sentiment: A class action lawsuit has been filed against Nano-X Imaging and certain officers, alleging securities-law violations during the March 31, 2025 to April 17, 2026 period. Article Title
• Neutral Sentiment: Several plaintiff firms, including Rosen, Howard G. Smith, Schall, the Gross Law Firm, Faruqi & Faruqi, and others, issued notices reminding investors of the case and the August 11 lead-plaintiff deadline. Article Title
• Negative Sentiment: The repeated lawsuit headlines may increase investor concern about potential financial liabilities and governance issues, adding pressure to an already weak stock. Article Title

Nano-X Imaging Company Profile

Nano-X Imaging Ltd. is a medical technology company developing and commercializing a digital X-ray imaging platform designed to lower the cost and increase the accessibility of diagnostic imaging. Its flagship product, the Nanox.ARC, leverages a proprietary micro-electromechanical system (MEMS) based digital X-ray source and advanced image processing software to provide 2D and 3D imaging capabilities on a compact footprint. The system aims to streamline radiology workflows and facilitate point-of-care diagnostics in hospitals, clinics and outpatient settings.

The Nanox.ARC platform integrates a novel cold cathode X-ray source, which enables multiple emission points without the need for rotating anode tubes.