Nutex Health (NASDAQ:NUTX) Shares Down 4.7% – Here’s What Happened

Nutex Health Inc. (NASDAQ:NUTX)’s share price dropped 4.7% on Wednesday . The stock traded as low as $118.50 and last traded at $120.4580. Approximately 89,092 shares traded hands during trading, a decline of 54% from the average daily volume of 192,946 shares. The stock had previously closed at $126.39.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NUTX shares. Wall Street Zen upgraded Nutex Health from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Nutex Health from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Nutex Health presently has an average rating of “Moderate Buy” and a consensus target price of $205.00.

Nutex Health Stock Up 0.0%

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 business has a 50-day moving average price of $108.27 and a 200-day moving average price of $127.74. The firm has a market capitalization of $818.22 million, a PE ratio of 9.19 and a beta of 0.25.

Nutex Health (NASDAQ:NUTX) last posted its quarterly earnings results on Thursday, April 30th. The company reported $6.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.99 by $2.53. Nutex Health had a return on equity of 23.50% and a net margin of 10.95%.The business had revenue of $216.49 million during the quarter, compared to analyst estimates of $227.80 million.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC acquired a new position in Nutex Health in the third quarter valued at approximately $2,394,000. Principal Financial Group Inc. acquired a new position in Nutex Health in the third quarter valued at approximately $962,000. Topline Capital Management LLC lifted its holdings in Nutex Health by 80.0% in the third quarter. Topline Capital Management LLC now owns 556,567 shares of the company’s stock valued at $57,505,000 after acquiring an additional 247,436 shares during the last quarter. Pertento Partners LLP acquired a new position in Nutex Health in the third quarter valued at approximately $27,940,000. Finally, SummerHaven Investment Management LLC acquired a new position in Nutex Health in the third quarter valued at approximately $748,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

About Nutex Health

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.