Nutex Health (NASDAQ:NUTX) Shares Up 10.7% – Here’s What Happened

Shares of Nutex Health Inc. (NASDAQ:NUTX) shot up 10.7% on Friday . The company 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.

Analyst Ratings Changes

Separately, Maxim Group lifted their target price on Nutex Health from $75.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, April 8th.

Nutex Health Price 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 stock’s 50 day simple moving average is $62.62 and its 200-day simple moving average is $41.92. The stock has a market capitalization of $729.86 million, a price-to-earnings ratio of -14.07 and a beta of 0.27.

Nutex Health (NASDAQ:NUTX) last announced its earnings results on Monday, March 31st. The company reported $11.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $11.21. The firm had revenue of $81.30 million during 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 Trading of Nutex Health

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in 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 valued at $66,000 after acquiring an additional 2,043 shares during the period. Beaird Harris Wealth Management LLC acquired a new position in Nutex Health in the third quarter worth $69,000. Northern Trust Corp bought a new stake in Nutex Health during the 4th quarter worth about $200,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Nutex Health during the fourth quarter valued at approximately $206,000. Finally, Millennium Management LLC bought a new position in Nutex Health in the 4th quarter valued at $213,000. 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.