Nutex Health Inc. (NASDAQ:NUTX - Get Free Report)'s stock price dropped 7.3% during mid-day trading on Tuesday . The company traded as low as $105.00 and last traded at $103.03. Approximately 142,275 shares traded hands during trading, an increase of 12% from the average daily volume of 127,585 shares. The stock had previously closed at $111.19.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on NUTX. Maxim Group increased their target price on shares of Nutex Health from $100.00 to $225.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Benchmark increased their price objective on shares of Nutex Health from $150.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen lowered shares of Nutex Health from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.
View Our Latest Stock Analysis on NUTX
Nutex Health Trading Down 0.8%
The firm has a fifty day moving average of $128.90 and a 200 day moving average of $94.99. The firm has a market capitalization of $527.84 million, a PE ratio of 7.99 and a beta of -0.04. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.26 and a current ratio of 2.27.
Nutex Health (NASDAQ:NUTX - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $2.56 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $2.71. Nutex Health had a net margin of 10.76% and a return on equity of 42.08%. The business had revenue of $211.79 million during the quarter, compared to the consensus estimate of $81.09 million.
Institutional Investors Weigh In On Nutex Health
Several hedge funds and other institutional investors have recently bought and sold shares of NUTX. KLP Kapitalforvaltning AS bought a new stake in shares of Nutex Health during the second quarter valued at approximately $112,000. Bank of America Corp DE increased its stake in 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 valued at $66,000 after buying an additional 2,043 shares during the period. Austin Asset Management Co Inc bought a new stake in shares of Nutex Health during the 2nd quarter worth about $315,000. Clear Creek Financial Management LLC acquired a new stake in shares of Nutex Health in the 2nd quarter worth approximately $397,000. Finally, Northern Trust Corp bought a new position in shares of Nutex Health in the fourth quarter valued at approximately $200,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.
About Nutex Health
(
Get Free Report)
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.
Further Reading
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