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

Nutex Health Inc. (NASDAQ:NUTX - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $123.54, but opened at $120.00. Nutex Health shares last traded at $120.41, with a volume of 40,999 shares traded.

Analysts Set New Price Targets

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

Nutex Health Trading Down 2.8 %

The company has a debt-to-equity ratio of 3.36, a current ratio of 1.77 and a quick ratio of 1.74. The stock has a market cap of $633.67 million, a P/E ratio of -12.21 and a beta of 0.27. The business's 50 day simple moving average is $83.95 and its 200 day simple moving average is $53.27.

Nutex Health (NASDAQ:NUTX - Get Free Report) last posted its quarterly earnings data 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. Nutex Health had a negative net margin of 14.09% and a negative return on equity of 51.27%. The company had revenue of $81.30 million during the quarter, compared to analyst estimates of $81.13 million.

Insider Buying and Selling

In related news, CFO Jon Christian Bates purchased 1,000 shares of the stock in a transaction dated Tuesday, April 8th. The stock was bought at an average cost of $81.81 per share, with a total value of $81,810.00. Following the purchase, the chief financial officer now directly owns 4,888 shares in the company, valued at $399,887.28. The trade was a 25.72 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 38.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Nutex Health

Several institutional investors have recently modified their holdings of NUTX. Topline Capital Management LLC acquired a new stake in shares of Nutex Health in the 4th quarter valued at about $5,690,000. American Century Companies Inc. bought a new stake in Nutex Health in the 4th quarter valued at approximately $1,362,000. Ancora Advisors LLC acquired a new position in Nutex Health during the 4th quarter worth approximately $1,334,000. Drive Wealth Management LLC bought a new position in shares of Nutex Health during the 4th quarter worth approximately $1,122,000. Finally, Essex Investment Management Co. LLC raised its holdings in shares of Nutex Health by 45.4% in the fourth quarter. Essex Investment Management Co. LLC now owns 105,809 shares of the company's stock valued at $3,353,000 after purchasing an additional 33,024 shares during the last quarter. Institutional investors own 5.32% of the company's stock.

About Nutex Health

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.