Nutex Health (NASDAQ:NUTX) Shares Down 7% – Should You Sell?

Nutex Health Inc. (NASDAQ:NUTXGet Free Report) fell 7% during mid-day trading on Wednesday . The company traded as low as $174.00 and last traded at $174.7370. 34,873 shares traded hands during trading, a decline of 80% from the average daily volume of 178,596 shares. The stock had previously closed at $187.90.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NUTX. Zacks Research raised Nutex Health to a “hold” rating in a research note on Monday, June 29th. Lake Street Capital began coverage on Nutex Health in a report on Tuesday, June 2nd. They set a “buy” rating and a $235.00 target price on the stock. B. Riley Financial began coverage on shares of Nutex Health in a research report on Friday, June 26th. They issued a “buy” rating and a $290.00 price target on the stock. Wall Street Zen raised shares of Nutex Health from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of Nutex Health from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.33.

Read Our Latest Analysis on Nutex Health

Nutex Health Price Performance

The company has a quick ratio of 3.12, a current ratio of 3.14 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.21 billion, a P/E ratio of 13.58 and a beta of 0.21. The company’s 50-day simple moving average is $140.34 and its 200 day simple moving average is $130.53.

Nutex Health (NASDAQ:NUTXGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $6.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.99 by $2.53. Nutex Health had a net margin of 10.95% and a return on equity of 23.50%. The business had revenue of $216.49 million for the quarter, compared to the consensus estimate of $227.80 million. As a group, sell-side analysts expect that Nutex Health Inc. will post 22.72 earnings per share for the current fiscal year.

Institutional Trading of Nutex Health

Several institutional investors have recently modified their holdings of the company. Deutsche Bank AG boosted its holdings in Nutex Health by 3.9% during the fourth quarter. Deutsche Bank AG now owns 2,633 shares of the company’s stock worth $433,000 after buying an additional 98 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Nutex Health by 1.4% in the 4th quarter. Russell Investments Group Ltd. now owns 8,706 shares of the company’s stock valued at $1,433,000 after acquiring an additional 116 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Nutex Health by 3.7% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 5,600 shares of the company’s stock valued at $922,000 after acquiring an additional 200 shares during the last quarter. Islay Capital Management LLC acquired a new stake in shares of Nutex Health in the 4th quarter valued at approximately $34,000. Finally, First Trust Advisors LP raised its position in shares of Nutex Health by 2.4% in the 4th quarter. First Trust Advisors LP now owns 11,461 shares of the company’s stock valued at $1,887,000 after acquiring an additional 272 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

Nutex Health Company Profile

(Get Free Report)

Nutex Health, Inc (NASDAQ: NUTX) is an integrated outpatient healthcare services company based in San Antonio, Texas. The company focuses on delivering a range of ambulatory care solutions, including urgent care, telemedicine, medical imaging, teleradiology, weight‐loss services and behavioral health support. By combining in‐person clinics with virtual care capabilities, Nutex Health aims to provide patients with accessible, cost‐effective treatment options outside traditional hospital settings.

The company’s urgent care network operates through both standalone and retail‐anchored centers, offering treatment for non‐life‐threatening injuries and illnesses, preventive screenings and basic primary care.

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