Nutex Health (NASDAQ:NUTX) Stock Price Down 4.7% - Here's Why

Nutex Health Inc. (NASDAQ:NUTX - Get Free Report) shares traded down 4.7% during trading on Wednesday . The company traded as low as $108.01 and last traded at $108.44. 88,982 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 94,736 shares. The stock had previously closed at $113.73.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Maxim Group boosted their price objective on shares of Nutex Health from $100.00 to $225.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Benchmark boosted their target price on shares of Nutex Health from $150.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Wall Street Zen lowered shares of Nutex Health from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd.

Nutex Health Price 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 stock has a market capitalization of $584.61 million, a PE ratio of 8.87 and a beta of -0.04. The firm has a 50 day moving average price of $134.75 and a 200 day moving average price of $91.09.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. American Century Companies Inc. bought a new position in shares of Nutex Health during the 4th quarter worth $1,362,000. Geode Capital Management LLC increased its holdings in Nutex Health by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 34,125 shares of the company's stock valued at $1,082,000 after buying an additional 3,826 shares during the period. World Investment Advisors purchased a new position in Nutex Health in the fourth quarter worth $217,000. Russell Investments Group Ltd. purchased a new position in Nutex Health in the fourth quarter worth $672,000. Finally, XTX Topco Ltd purchased a new position in Nutex Health in the fourth quarter worth $251,000. 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.

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