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

Shares of Nutex Health Inc. (NASDAQ:NUTX - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $122.29, but opened at $127.50. Nutex Health shares last traded at $118.99, with a volume of 93,844 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NUTX. Wall Street Zen cut shares of Nutex Health from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Benchmark lifted their price objective on Nutex Health from $150.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Maxim Group upped their target price on Nutex Health from $100.00 to $225.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th.

Nutex Health Stock Performance

The company has a current ratio of 2.27, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02. The firm's fifty day moving average price is $135.02 and its two-hundred day moving average price is $85.19. The stock has a market capitalization of $640.32 million, a PE ratio of 9.75 and a beta of -0.04.

Nutex Health (NASDAQ:NUTX - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $2.56 EPS for the quarter, beating the consensus estimate of ($0.15) by $2.71. The company had revenue of $211.79 million for the quarter, compared to analyst estimates of $81.09 million. Nutex Health had a net margin of 10.76% and a return on equity of 42.08%.

Insider Transactions at Nutex Health

In other Nutex Health news, CFO Jon Christian Bates acquired 1,000 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was acquired at an average cost of $81.81 per share, for a total transaction of $81,810.00. Following the completion of the transaction, the chief financial officer directly owned 4,888 shares of the company's stock, valued at $399,887.28. This represents a 25.72% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 36.92% of the company's stock.

Institutional Investors Weigh In On Nutex Health

A number of institutional investors have recently added to or reduced their stakes in NUTX. Russell Investments Group Ltd. purchased a new position in Nutex Health during the fourth quarter valued at $672,000. Millennium Management LLC acquired a new position in shares of Nutex Health during the 4th quarter worth about $213,000. American Century Companies Inc. acquired a new position in shares of Nutex Health during the 4th quarter worth about $1,362,000. Squarepoint Ops LLC purchased a new position in Nutex Health in the 4th quarter valued at about $285,000. Finally, Northern Trust Corp acquired a new stake in Nutex Health in the 4th quarter worth about $200,000. Institutional investors and hedge funds 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.

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