Nutex Health (NASDAQ:NUTX) Shares Gap Up – Still a Buy?

Shares of Nutex Health Inc. (NASDAQ:NUTX) 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.

Analyst Ratings Changes

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

Nutex Health Stock Up 15.1 %

The firm has a market cap of $729.86 million, a PE ratio of -14.07 and a beta of 0.27. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.77 and a quick ratio of 1.74. The business has a fifty day moving average price of $62.62 and a two-hundred day moving average price of $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 the consensus estimate of ($0.09) by $11.21. The company had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $81.13 million. Nutex Health had a negative return on equity of 51.27% and a negative net margin of 14.09%.

Institutional Investors Weigh In On Nutex Health

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of 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 acquiring an additional 2,043 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new position in Nutex Health in the 3rd quarter worth about $69,000. Northern Trust Corp purchased a new stake in shares of Nutex Health during the 4th quarter worth about $200,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Nutex Health during the 4th quarter valued at about $206,000. Finally, Millennium Management LLC acquired a new stake in shares of Nutex Health during the 4th quarter valued at about $213,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

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.