Nutex Health (NASDAQ:NUTX) Trading 10.7% Higher – What’s Next?

Shares of Nutex Health Inc. (NASDAQ:NUTX) rose 10.7% during trading on Friday . The company traded as high as $125.00 and last traded at $127.00. Approximately 132,927 shares changed hands during mid-day trading, an increase of 145% from the average daily volume of 54,206 shares. The stock had previously closed at $114.75.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upped their price objective on shares of Nutex Health from $75.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, April 8th.

Nutex Health Stock Up 15.1 %

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 firm has a market capitalization of $729.86 million, a P/E ratio of -14.07 and a beta of 0.27. The firm’s 50-day moving average is $62.62 and its 200 day moving average is $41.92.

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

Hedge Funds Weigh In On Nutex Health

Hedge funds and other institutional investors have recently made changes to their positions in the company. Topline Capital Management LLC bought a new stake in Nutex Health in the fourth quarter valued at approximately $5,690,000. Essex Investment Management Co. LLC raised its stake in Nutex Health by 45.4% in the fourth quarter. Essex Investment Management Co. LLC now owns 105,809 shares of the company’s stock valued at $3,353,000 after purchasing an additional 33,024 shares in the last quarter. American Century Companies Inc. bought a new position in Nutex Health in the fourth quarter valued at approximately $1,362,000. Ancora Advisors LLC bought a new position in shares of Nutex Health in the 4th quarter valued at $1,334,000. Finally, Truist Financial Corp raised its stake in Nutex Health by 22.2% during the fourth quarter. Truist Financial Corp now owns 35,570 shares of the company’s stock worth $1,127,000 after acquiring an additional 6,454 shares in the last quarter. 5.32% of the stock is owned by 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.