Nutex Health (NASDAQ:NUTX) Shares Gap Up – Here’s Why

Nutex Health Inc. (NASDAQ:NUTX)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $103.79, but opened at $105.99. Nutex Health shares last traded at $107.65, with a volume of 44,948 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Maxim Group increased their price target on Nutex Health from $75.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday.

Nutex Health Trading Up 15.1 %

The business’s 50 day moving average price is $62.62 and its two-hundred day moving average price is $41.92. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.74 and a current ratio of 1.77. The company has a market capitalization of $729.86 million, a price-to-earnings ratio of -14.07 and a beta of 0.27.

Nutex Health (NASDAQ:NUTX) last released its earnings results on Monday, March 31st. The company reported $11.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $11.21. Nutex Health had a negative return on equity of 51.27% and a negative net margin of 14.09%. The firm had revenue of $81.30 million during the quarter, compared to the consensus estimate of $81.13 million.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Drive Wealth Management LLC acquired a new position in Nutex Health in the fourth quarter worth approximately $1,122,000. Legato Capital Management LLC grew its holdings in shares of Nutex Health by 26.8% in the 4th quarter. Legato Capital Management LLC now owns 31,669 shares of the company’s stock worth $1,004,000 after acquiring an additional 6,697 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of Nutex Health during the fourth quarter worth $206,000. Truist Financial Corp lifted its holdings in shares of Nutex Health by 22.2% during the fourth quarter. Truist Financial Corp now owns 35,570 shares of the company’s stock valued at $1,127,000 after purchasing an additional 6,454 shares during the last quarter. Finally, State Street Corp acquired a new position in shares of Nutex Health in the 3rd quarter valued at $225,000. 5.32% of the stock is owned by institutional investors and hedge funds.

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.