Nutex Health (NASDAQ:NUTX) Shares Gap Up – Time to Buy?

Nutex Health Inc. (NASDAQ:NUTX)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $103.79, but opened at $105.99. Nutex Health shares last traded at $107.65, with a volume of 44,948 shares trading hands.

Analysts Set New Price Targets

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

Nutex Health Stock Performance

The firm has a market capitalization of $588.74 million, a P/E ratio of -11.38 and a beta of 0.27. The company has a 50-day simple moving average of $59.64 and a two-hundred day simple moving average of $40.47. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.74 and a current ratio of 1.77.

Nutex Health (NASDAQ:NUTX) last posted its quarterly earnings data on Monday, March 31st. The company reported $11.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $11.21. Nutex Health had a negative return on equity of 51.27% and a negative net margin of 14.09%. 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

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

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.