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

Nutex Health Inc. (NASDAQ:NUTX) shares gapped up prior to trading on Thursday . The stock had previously closed at $125.03, but opened at $132.91. Nutex Health shares last traded at $137.6940, with a volume of 14,474 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Lake Street Capital assumed coverage on shares of Nutex Health in a research report on Tuesday. They issued a “buy” rating and a $235.00 price target for the company. Wall Street Zen raised shares of Nutex Health from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised shares of Nutex Health from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $220.00.

Nutex Health Trading Up 2.7%

The company has a market capitalization of $938.40 million, a price-to-earnings ratio of 10.54 and a beta of 0.26. The company has a quick ratio of 3.12, a current ratio of 3.14 and a debt-to-equity ratio of 0.66. The company’s 50 day simple moving average is $114.28 and its two-hundred day simple moving average is $128.01.

Nutex Health (NASDAQ:NUTX) last announced its earnings results on Thursday, April 30th. The company reported $6.52 earnings per share for the quarter, beating the consensus estimate of $3.99 by $2.53. The company had revenue of $216.49 million during the quarter, compared to the consensus estimate of $227.80 million. Nutex Health had a net margin of 10.95% and a return on equity of 23.50%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its stake in Nutex Health by 52.3% during the 1st quarter. Bank of America Corp DE now owns 9,027 shares of the company’s stock valued at $858,000 after purchasing an additional 3,101 shares in the last quarter. Smith Group Asset Management LLC acquired a new position in Nutex Health during the 1st quarter valued at approximately $1,244,000. EverSource Wealth Advisors LLC acquired a new position in Nutex Health during the 1st quarter valued at approximately $83,000. Empowered Funds LLC acquired a new position in Nutex Health during the 1st quarter valued at approximately $3,084,000. Finally, Quantinno Capital Management LP acquired a new position in Nutex Health during the 1st quarter valued at approximately $843,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

About Nutex Health

Nutex Health, Inc (NASDAQ: NUTX) is an integrated outpatient healthcare services company based in San Antonio, Texas. The company focuses on delivering a range of ambulatory care solutions, including urgent care, telemedicine, medical imaging, teleradiology, weight‐loss services and behavioral health support. By combining in‐person clinics with virtual care capabilities, Nutex Health aims to provide patients with accessible, cost‐effective treatment options outside traditional hospital settings.

The company’s urgent care network operates through both standalone and retail‐anchored centers, offering treatment for non‐life‐threatening injuries and illnesses, preventive screenings and basic primary care.