Nutex Health (NASDAQ:NUTX) Reaches New 52-Week High on Analyst Upgrade

Nutex Health Inc. (NASDAQ:NUTX)’s stock price reached a new 52-week high during 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. The stock had previously closed at $84.94.

Hedge Funds Weigh In On Nutex Health

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted 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 worth $66,000 after purchasing an additional 2,043 shares during the last quarter. Beaird Harris Wealth Management LLC acquired a new position in shares of Nutex Health during the 3rd quarter worth $69,000. Northern Trust Corp bought a new stake in shares of Nutex Health during the 4th quarter worth $200,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Nutex Health during the 4th quarter worth $206,000. Finally, Millennium Management LLC acquired a new stake in Nutex Health in the fourth quarter valued at about $213,000. Institutional investors own 5.32% of the company’s stock.

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 stock has a market cap of $634.34 million, a P/E ratio of -12.23 and a beta of 0.27. The stock has a 50-day simple moving average of $60.95 and a 200-day simple moving average of $41.13.

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

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.