Nutex Health (NASDAQ:NUTX) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Nutex Health Inc. (NASDAQ:NUTX) saw unusually-strong trading volume on Thursday . Approximately 155,972 shares changed hands during trading, an increase of 7% from the previous session’s volume of 145,800 shares.The stock last traded at $153.0470 and had previously closed at $112.19.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Nutex Health from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 18th. Weiss Ratings cut Nutex Health from a “hold (c-)” rating to a “sell (d)” rating in a research note on Wednesday. Finally, Maxim Group set a $205.00 price target on Nutex Health and gave the stock a “buy” rating in a report on Tuesday, August 26th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Nutex Health presently has an average rating of “Hold” and a consensus price target of $252.50.

Nutex Health Stock Performance

The stock has a fifty day simple moving average of $110.25 and a 200-day simple moving average of $113.56. The stock has a market cap of $760.59 million, a P/E ratio of 11.52 and a beta of -0.23. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.26 and a current ratio of 2.27.

Institutional Investors Weigh In On Nutex Health

Several institutional investors have recently bought and sold shares of the company. Topline Capital Management LLC grew its stake in shares of Nutex Health by 80.0% during the 3rd quarter. Topline Capital Management LLC now owns 556,567 shares of the company’s stock worth $57,505,000 after acquiring an additional 247,436 shares in the last quarter. Pertento Partners LLP bought a new position in Nutex Health in the third quarter valued at $27,940,000. Vanguard Group Inc. grew its position in Nutex Health by 12.7% in the third quarter. Vanguard Group Inc. now owns 214,954 shares of the company’s stock valued at $22,209,000 after purchasing an additional 24,275 shares in the last quarter. American Century Companies Inc. increased its stake in Nutex Health by 39.9% in the 2nd quarter. American Century Companies Inc. now owns 104,063 shares of the company’s stock valued at $12,955,000 after buying an additional 29,704 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Nutex Health by 333.4% during the 2nd quarter. Marshall Wace LLP now owns 94,548 shares of the company’s stock worth $11,770,000 after buying an additional 72,734 shares in 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.