Nutex Health (NASDAQ:NUTX) Shares Up 8.5% - Here's Why

Nutex Health Inc. (NASDAQ:NUTX - Get Free Report)'s share price rose 8.5% during trading on Thursday . The stock traded as high as $114.80 and last traded at $112.98. Approximately 240,904 shares changed hands during mid-day trading, an increase of 151% from the average daily volume of 96,102 shares. The stock had previously closed at $104.08.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NUTX. Benchmark lifted their target price on shares of Nutex Health from $150.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Wall Street Zen downgraded shares of Nutex Health from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Maxim Group raised their target price on Nutex Health from $100.00 to $225.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th.

Nutex Health Stock Up 6.4%

The business has a 50-day moving average price of $134.30 and a 200-day moving average price of $91.73. The stock has a market cap of $615.94 million, a PE ratio of 8.75 and a beta of -0.04. The company has a current ratio of 2.27, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02.

Nutex Health (NASDAQ:NUTX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $2.56 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $2.71. Nutex Health had a net margin of 10.76% and a return on equity of 42.08%. The company had revenue of $211.79 million during the quarter, compared to analysts' expectations of $81.09 million.

Institutional Investors Weigh In On Nutex Health

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.