Nutex Health (NASDAQ:NUTX) Sees Unusually-High Trading Volume – Here’s What Happened

Nutex Health Inc. (NASDAQ:NUTX) shares saw strong trading volume on Monday . 83,932 shares were traded during trading, an increase of 54% from the previous session’s volume of 54,518 shares.The stock last traded at $121.15 and had previously closed at $132.03.

Wall Street Analyst Weigh In

Separately, Maxim Group raised their target price on shares of Nutex Health from $75.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, April 8th.

Nutex Health Trading Down 9.3 %

The company has a market capitalization of $661.81 million, a PE ratio of -12.75 and a beta of 0.27. The company has a fifty day simple moving average of $62.62 and a 200-day simple moving average of $42.08. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 3.36.

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

Institutional Trading of Nutex Health

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in Nutex Health by 6,590.3% during the fourth quarter. Bank of America Corp DE now owns 2,074 shares of the company’s stock worth $66,000 after buying an additional 2,043 shares during the period. Beaird Harris Wealth Management LLC acquired a new position in shares of Nutex Health in the 3rd quarter worth approximately $69,000. Northern Trust Corp purchased a new position in shares of Nutex Health during the 4th quarter worth approximately $200,000. Baader Bank Aktiengesellschaft acquired a new stake in Nutex Health in the 4th quarter valued at approximately $206,000. Finally, Millennium Management LLC acquired a new stake in Nutex Health in the 4th quarter valued at approximately $213,000. 5.32% of the stock is owned by institutional investors and hedge funds.

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.