In yesterday’s Wall Street session, Nutex Health Inc. (NASDAQ:NUTX) shares traded at $0.41, up 5.13% from the previous session.
2 analysts cover Nutex Health Inc. (NASDAQ:NUTX), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $2.50, we find $2.75. Given the previous closing price of $0.39, this indicates a potential upside of 605.13 percent. NUTX stock price is now -15.13% away from the 50-day moving average and -62.35% away from the 200-day moving average. The market capitalization of the company currently stands at $257.70M.
The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $2.75 as their price target over the next twelve months.
With the price target of $3, Northland Capital recently initiated with Outperform rating for Nutex Health Inc. (NASDAQ: NUTX).
In other news, Bates Jon Christian, Chief Financial Officer bought 20,000 shares of the company’s stock on Jun 15. The stock was bought for $8,346 at an average price of $0.42. Upon completion of the transaction, the Chief Financial Officer now directly owns 89,505 shares in the company, valued at $36697.05. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14, Director Creem Mitchell bought 50,000 shares of the business’s stock. A total of $21,415 was incurred on buying the stock at an average price of $0.43. This leaves the insider owning 81,746 shares of the company worth $33515.86. Insiders disposed of 169,378 shares of company stock worth roughly $69444.98 over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NUTX stock. A new stake in Nutex Health Inc. shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $73,000. METLIFE INVESTMENT MANAGEMENT, LLC invested $56,000 in shares of NUTX during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in Nutex Health Inc. valued at approximately $43,000. WELLS FARGO & COMPANY/MN acquired a new stake in NUTX for approximately $19,000. VIRTU FINANCIAL LLC purchased a new stake in NUTX valued at around $19,000 in the second quarter. In total, there are 109 active investors with 1.30% ownership of the company’s stock.
On Friday morning Nutex Health Inc. (NASDAQ: NUTX) stock kicked off with the opening price of $0.3900. During the past 12 months, Nutex Health Inc. has had a low of $0.38 and a high of $4.33. As of last week, the company has a debt-to-equity ratio of 2.85, a current ratio of 1.90, and a quick ratio of 1.80. The fifty day moving average price for NUTX is $0.4801 and a two-hundred day moving average price translates $1.0814 for the stock.
The latest earnings results from Nutex Health Inc. (NASDAQ: NUTX) was released for Mar, 2023. According to the Health Information Services Company, earnings per share came in at -$0.01, inline with analysts’ expectations of -$0.01. This compares to $0.04 EPS in the same period last year. The company reported revenue of $56.33 million for the quarter, compared to $79.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.81 percent. For the current quarter, analysts expect NUTX to generate $62.05M in revenue.
Nutex Health Inc.(NUTX) Company Profile
Nutex Health Inc. operates as a network of micro-hospitals. It operates through three segments: Hospital, Population Health Management, and Real Estate. The Hospital segment develops and operates a network of micro-hospitals, specialty hospitals and hospital outpatient departments which offers 24/7 care. The Population Health Management 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. The Real Estate segment leases land and hospital building. It also provides healthcare and facility management services; and healthcare billing, coding, and collection services. In addition, the company offers healthcare services, including emergency room care, inpatient care, and behavioral health, as well as onsite imaging, such as CT scan, X-ray, MRI, ultrasound, etc.; certified and accredited laboratories; and onsite inpatient pharmacies. The company was founded in 2011 and is based in Houston, Texas.
