Nutex Health (NASDAQ:NUTX) Reaches New 12-Month High - What's Next?

Nutex Health Inc. (NASDAQ:NUTX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $152.51 and last traded at $146.65, with a volume of 33020 shares. The stock had previously closed at $145.27.

Analyst Ratings Changes

Separately, Maxim Group raised their target price 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 Performance

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 company has a market cap of $745.59 million, a PE ratio of -14.51 and a beta of 0.27. The business has a fifty day simple moving average of $77.42 and a two-hundred day simple moving average of $49.32.

Nutex Health (NASDAQ:NUTX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 51.27% and a negative net margin of 14.09%. The firm had revenue of $81.30 million during the quarter, compared to analysts' expectations of $81.13 million.

Insider Transactions at Nutex Health

In other news, CFO Jon Christian Bates bought 1,000 shares of the stock in a transaction on Tuesday, April 8th. The stock was bought at an average cost of $81.81 per share, for a total transaction of $81,810.00. Following the completion of the purchase, the chief financial officer now directly owns 4,888 shares in the company, valued at approximately $399,887.28. The trade was a 25.72 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 38.52% of the company's stock.

Institutional Trading of Nutex Health

Institutional investors have recently made changes to their positions in the business. Topline Capital Management LLC purchased a new stake in Nutex Health in the fourth quarter valued at about $5,690,000. American Century Companies Inc. acquired a new stake in Nutex Health in the 4th quarter worth approximately $1,362,000. Ancora Advisors LLC purchased a new stake in Nutex Health during the 4th quarter worth approximately $1,334,000. Drive Wealth Management LLC purchased a new stake in Nutex Health during the 4th quarter worth approximately $1,122,000. Finally, Essex Investment Management Co. LLC raised 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 worth $3,353,000 after buying an additional 33,024 shares during the last quarter. 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.