Nutex Health (NASDAQ:NUTX) Trading 10.7% Higher – Should You Buy?

Nutex Health Inc. (NASDAQ:NUTX)’s stock price traded up 10.7% during trading on Friday . The stock traded as high as $125.00 and last traded at $127.00. 132,927 shares were traded during trading, an increase of 145% from the average session volume of 54,206 shares. The stock had previously closed at $114.75.

Wall Street Analyst Weigh In

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

Nutex Health Stock Up 14.6 %

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 stock’s fifty day simple moving average is $60.95 and its two-hundred day simple moving average is $41.13. The company has a market capitalization of $726.76 million, a price-to-earnings ratio of -14.01 and a beta of 0.27.

Nutex Health (NASDAQ:NUTX) last issued its earnings results on Monday, March 31st. The company reported $11.12 earnings per share for the quarter, topping 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 firm had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $81.13 million.

Hedge Funds Weigh In On Nutex Health

A number of institutional investors have recently bought and sold shares of NUTX. Topline Capital Management LLC acquired a new position in shares of Nutex Health in the fourth quarter worth about $5,690,000. American Century Companies Inc. acquired a new position in Nutex Health in the 4th quarter worth approximately $1,362,000. Ancora Advisors LLC purchased a new position in Nutex Health during the 4th quarter worth approximately $1,334,000. Drive Wealth Management LLC acquired a new stake in Nutex Health during the 4th quarter valued at $1,122,000. Finally, Essex Investment Management Co. LLC lifted its holdings in shares of 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. Hedge funds and other institutional investors own 5.32% of the company’s stock.

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.