Nutex Health (NASDAQ:NUTX) Shares Down 3.8% - What's Next?

Shares of Nutex Health Inc. (NASDAQ:NUTX - Get Free Report) fell 3.8% on Friday . The company traded as low as $113.14 and last traded at $113.56. 28,904 shares were traded during mid-day trading, a decline of 51% from the average session volume of 59,506 shares. The stock had previously closed at $117.99.

Analyst Upgrades and Downgrades

Separately, Maxim Group lifted their target price on Nutex Health from $75.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, April 8th.

Nutex Health Price Performance

The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 3.36. The stock's 50 day moving average price is $83.95 and its two-hundred day moving average price is $53.27. The stock has a market cap of $633.67 million, a price-to-earnings ratio of -12.21 and a beta of 0.27.

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

Insider Buying and Selling at Nutex Health

In other Nutex Health news, CFO Jon Christian Bates bought 1,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 4,888 shares of the company's stock, valued at approximately $399,887.28. The trade was a 25.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 38.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Nutex Health

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in shares of Nutex Health by 6,590.3% during the 4th quarter. Bank of America Corp DE now owns 2,074 shares of the company's stock worth $66,000 after buying an additional 2,043 shares during the period. Northern Trust Corp acquired a new position in Nutex Health during the fourth quarter worth $200,000. Baader Bank Aktiengesellschaft purchased a new position in Nutex Health during the fourth quarter valued at $206,000. Millennium Management LLC acquired a new stake in shares of Nutex Health in the fourth quarter valued at about $213,000. Finally, World Investment Advisors acquired a new stake in shares of Nutex Health in the fourth quarter valued at about $217,000. 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.

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