Nutex Health (NASDAQ:NUTX) Stock Price Expected to Rise, Maxim Group Analyst Says

Nutex Health (NASDAQ:NUTX) had its target price upped by investment analysts at Maxim Group from $50.00 to $75.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s price objective would indicate a potential upside of 11.34% from the company’s current price.

Separately, Benchmark lifted their price target on Nutex Health from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

Nutex Health Price Performance

Shares of NUTX traded up $9.06 during mid-day trading on Thursday, hitting $67.36. 64,337 shares of the stock were exchanged, compared to its average volume of 40,384. The firm has a 50-day moving average of $38.42 and a two-hundred day moving average of $28.07. Nutex Health has a 52-week low of $4.16 and a 52-week high of $67.63. 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 company has a market cap of $366.24 million, a PE ratio of -7.18 and a beta of 0.20.

Hedge Funds Weigh In On Nutex Health

A number of large investors have recently made changes to their positions in NUTX. International Assets Investment Management LLC bought a new stake in Nutex Health in the third quarter worth about $188,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Nutex Health in the third quarter worth approximately $494,000. State Street Corp bought a new stake in shares of Nutex Health during the 3rd quarter worth approximately $225,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Nutex Health during the 3rd quarter worth approximately $69,000. Finally, Drive Wealth Management LLC purchased a new position in Nutex Health during the 4th quarter valued at $1,122,000. 5.32% of the stock is 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.