Nutex Health (NASDAQ:NUTX) Stock Price Down 6.6% – What’s Next?

by · The Cerbat Gem

Nutex Health Inc. (NASDAQ:NUTX – Get Free Report) shares traded down 6.6% during mid-day trading on Tuesday . The stock traded as low as $95.00 and last traded at $97.0820. 101,586 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 145,054 shares. The stock had previously closed at $103.95.

Analysts Set New Price Targets

Several analysts have recently commented on NUTX shares. Wall Street Zen cut shares of Nutex Health from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 18th. Maxim Group set a $205.00 price objective on shares of Nutex Health and gave the company a “buy” rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Nutex Health in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $252.50.

Read Our Latest Stock Report on Nutex Health

Nutex Health Trading Down 4.2%

The company has a quick ratio of 2.26, a current ratio of 2.27 and a debt-to-equity ratio of 1.02. The business’s fifty day moving average is $107.60 and its 200 day moving average is $113.43. The stock has a market cap of $552.97 million, a PE ratio of 8.37 and a beta of -0.23.

Institutional Trading of Nutex Health

A number of institutional investors have recently bought and sold shares of NUTX. State of Alaska Department of Revenue purchased a new position in shares of Nutex Health in the third quarter valued at $30,000. BNP Paribas Financial Markets grew its stake in Nutex Health by 966.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 320 shares of the company’s stock valued at $40,000 after acquiring an additional 290 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Nutex Health during the 2nd quarter valued at about $44,000. Bank of America Corp DE increased its holdings in 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. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in Nutex Health during the second quarter worth about $97,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Nutex Health Company Profile

(Get Free Report)

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.

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