Nutex Health (NASDAQ:NUTX) Shares Down 6.7% – Here’s What Happened

Nutex Health Inc. (NASDAQ:NUTX)’s stock price dropped 6.7% on Wednesday . The company traded as low as $158.10 and last traded at $156.9680. Approximately 45,679 shares changed hands during trading, a decline of 74% from the average session volume of 173,837 shares. The stock had previously closed at $168.27.

Wall Street Analyst Weigh In

NUTX has been the topic of several analyst reports. Zacks Research raised shares of Nutex Health to a “hold” rating in a research note on Monday, June 29th. Lake Street Capital began coverage on shares of Nutex Health in a report on Tuesday, June 2nd. They issued a “buy” rating and a $235.00 price target on the stock. Wall Street Zen cut shares of Nutex Health from a “strong-buy” rating to a “buy” rating in a research report on Monday. Weiss Ratings downgraded shares of Nutex Health from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 10th. Finally, B. Riley Financial initiated coverage on shares of Nutex Health in a report on Friday, June 26th. They set a “buy” rating and a $290.00 target price for the company. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.33.

Nutex Health Stock Down 5.4%

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 fifty day simple moving average is $150.12 and its 200 day simple moving average is $130.56. The firm has a market capitalization of $1.10 billion, a PE ratio of 12.20 and a beta of 0.21.

Nutex Health (NASDAQ:NUTX) last posted its earnings results on Thursday, April 30th. The company reported $6.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.99 by $2.53. Nutex Health had a return on equity of 23.50% and a net margin of 10.95%.The firm had revenue of $216.49 million for the quarter, compared to the consensus estimate of $227.80 million. Analysts anticipate that Nutex Health Inc. will post 22.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Islay Capital Management LLC purchased a new position in Nutex Health during the 4th quarter valued at about $34,000. BNP Paribas Financial Markets grew its holdings in Nutex Health by 966.7% in the second quarter. BNP Paribas Financial Markets now owns 320 shares of the company’s stock worth $40,000 after purchasing an additional 290 shares during the period. Royal Bank of Canada increased its stake in shares of Nutex Health by 752.4% during the fourth quarter. Royal Bank of Canada now owns 358 shares of the company’s stock valued at $59,000 after purchasing an additional 316 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Nutex Health by 280.3% during the fourth quarter. Osaic Holdings Inc. now owns 810 shares of the company’s stock valued at $133,000 after purchasing an additional 597 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Nutex Health during the first quarter valued at approximately $83,000. 5.32% of the stock is currently owned by institutional investors.

Nutex Health Company Profile

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.