Nutex Health (NASDAQ:NUTX) Shares Scheduled to Reverse Split on Wednesday, July 3rd

Shares of Nutex Health Inc. (NASDAQ:NUTX) are set to reverse split before the market opens on Wednesday, July 3rd. The 1-10 reverse split was announced on Wednesday, July 3rd. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, July 3rd.

Nutex Health Price Performance

Nutex Health stock opened at $0.59 on Monday. Nutex Health has a 52 week low of $0.50 and a 52 week high of $7.05. The company’s 50 day moving average price is $0.64 and its two-hundred day moving average price is $1.50. The stock has a market cap of $29.58 million, a P/E ratio of -0.56 and a beta of 0.05. The company has a quick ratio of 1.63, a current ratio of 1.68 and a debt-to-equity ratio of 2.99.

Nutex Health (NASDAQ:NUTX) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.01) EPS for the quarter. Nutex Health had a negative net margin of 15.85% and a negative return on equity of 44.06%. The business had revenue of $67.45 million for the quarter.

Insider Transactions at Nutex Health

In related news, CEO Thomas T. Vo purchased 48,394 shares of Nutex Health stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $0.70 per share, for a total transaction of $33,875.80. Following the completion of the transaction, the chief executive officer now owns 18,053,909 shares in the company, valued at $12,637,736.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 88,710 shares of company stock worth $58,604 in the last ninety days. Company insiders own 38.52% of the company’s stock.

Hedge Funds Weigh In On Nutex Health

Institutional investors and hedge funds have recently bought and sold shares of the company. One Plus One Wealth Management LLC lifted its position in shares of Nutex Health by 2,017.5% during the 1st quarter. One Plus One Wealth Management LLC now owns 5,293,720 shares of the company’s stock valued at $508,000 after buying an additional 5,043,720 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in Nutex Health by 210.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 930,282 shares of the company’s stock valued at $167,000 after purchasing an additional 630,168 shares during the last quarter. Truist Financial Corp boosted its position in Nutex Health by 86.0% during the fourth quarter. Truist Financial Corp now owns 4,367,317 shares of the company’s stock worth $786,000 after purchasing an additional 2,018,966 shares during the period. Finally, GDS Wealth Management increased its stake in shares of Nutex Health by 98.2% in the fourth quarter. GDS Wealth Management now owns 1,110,051 shares of the company’s stock worth $200,000 after purchasing an additional 550,026 shares in the last quarter. 5.32% of the stock is owned by institutional investors.

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.