Nutex Health (NASDAQ:NUTX) Trading Up 1% – Still a Buy?

Shares of Nutex Health Inc. (NASDAQ:NUTX) rose 1% on Thursday . The company traded as high as $35.49 and last traded at $33.67. Approximately 68,164 shares changed hands during mid-day trading, an increase of 58% from the average daily volume of 43,148 shares. The stock had previously closed at $33.33.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Maxim Group lifted their price objective on shares of Nutex Health from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Benchmark lifted their price target on Nutex Health from $45.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.

Nutex Health Price Performance

The company has a market cap of $183.06 million, a price-to-earnings ratio of -3.59 and a beta of 0.12. The company’s 50 day moving average price is $28.35 and its 200-day moving average price is $17.92. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.74 and a current ratio of 1.77.

Institutional Investors Weigh In On Nutex Health

Hedge funds have recently bought and sold shares of the business. Essex Investment Management Co. LLC purchased a new stake in shares of Nutex Health during the third quarter worth $1,579,000. Thompson Davis & CO. Inc. acquired a new stake in Nutex Health in the 3rd quarter worth approximately $494,000. State Street Corp bought a new stake in shares of Nutex Health during the 3rd quarter worth $225,000. International Assets Investment Management LLC bought a new stake in Nutex Health during the third quarter valued at about $188,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in Nutex Health in the 3rd quarter valued at approximately $69,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Nutex Health Company Profile

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.