Nutex Health (NASDAQ:NUTX) Reaches New 1-Year High After Analyst Upgrade

Shares of Nutex Health Inc. (NASDAQ:NUTX) hit a new 52-week high during mid-day trading on Wednesday after Maxim Group raised their price target on the stock from $75.00 to $100.00. Maxim Group currently has a buy rating on the stock. Nutex Health traded as high as $99.00 and last traded at $94.98, with a volume of 88438 shares trading hands. The stock had previously closed at $84.94.

Institutional Investors Weigh In On Nutex Health

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of Nutex Health by 6,590.3% during the 4th 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 in the last quarter. Beaird Harris Wealth Management LLC acquired a new position in shares of Nutex Health in the third quarter valued at approximately $69,000. Northern Trust Corp bought a new position in Nutex Health in the 4th quarter valued at approximately $200,000. Baader Bank Aktiengesellschaft acquired a new stake in Nutex Health during the 4th quarter worth approximately $206,000. Finally, Millennium Management LLC acquired a new position in Nutex Health in the 4th quarter valued at approximately $213,000. 5.32% of the stock is currently owned by institutional investors.

Nutex Health Price Performance

The stock has a market cap of $573.75 million, a P/E ratio of -11.06 and a beta of 0.27. The company’s 50 day moving average price is $59.64 and its 200-day moving average price is $40.47. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 3.36.

Nutex Health (NASDAQ:NUTX) last announced its quarterly earnings data on Monday, March 31st. The company reported $11.12 EPS for the quarter, topping the consensus estimate of ($0.09) by $11.21. Nutex Health had a negative net margin of 14.09% and a negative return on equity of 51.27%. The company had revenue of $81.30 million during the quarter, compared to the consensus estimate of $81.13 million.

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.