Nutex Health (NASDAQ:NUTX) Sets New 1-Year High - What's Next?

Nutex Health Inc. (NASDAQ:NUTX - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $152.51 and last traded at $146.65, with a volume of 33020 shares traded. The stock had previously closed at $145.27.

Analyst Ratings Changes

Separately, Maxim Group increased their price target on shares of Nutex Health from $75.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th.

Nutex Health Price Performance

The stock has a 50-day simple moving average of $78.57 and a 200 day simple moving average of $50.26. The company has a market cap of $682.93 million, a PE ratio of -13.16 and a beta of 0.27. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 3.36.

Nutex Health (NASDAQ:NUTX - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The company reported $11.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $11.21. Nutex Health had a negative net margin of 14.09% and a negative return on equity of 51.27%. The business had revenue of $81.30 million for the quarter, compared to analysts' expectations of $81.13 million.

Insiders Place Their Bets

In other news, CFO Jon Christian Bates bought 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average cost of $81.81 per share, for a total transaction of $81,810.00. Following the completion of the purchase, the chief financial officer now owns 4,888 shares of the company's stock, valued at approximately $399,887.28. This represents a 25.72 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 38.52% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Drive Wealth Management LLC acquired a new stake in shares of Nutex Health in the 4th quarter valued at $1,122,000. Legato Capital Management LLC increased its holdings in Nutex Health by 26.8% in the fourth quarter. Legato Capital Management LLC now owns 31,669 shares of the company's stock valued at $1,004,000 after buying an additional 6,697 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in Nutex Health in the fourth quarter valued at $206,000. Russell Investments Group Ltd. acquired a new stake in Nutex Health in the fourth quarter valued at $672,000. Finally, American Century Companies Inc. purchased a new stake in Nutex Health during the 4th quarter worth about $1,362,000. Hedge funds and other institutional investors own 5.32% of the company's stock.

Nutex Health Company Profile

Nutex Health Inc operates as a physician-led, healthcare services, and operations company. It operates through three segments: Hospital, Population Health Management (PHM), and Real Estate. The PHM segment establishes and operates independent physician associations; and offers a cloud-based platform for healthcare organizations to provide value-based care and population health management.