Nutex Health (NASDAQ:NUTX) Trading 8.2% Higher – What’s Next?

Shares of Nutex Health Inc. (NASDAQ:NUTX) rose 8.2% during mid-day trading on Thursday . The company traded as high as $185.33 and last traded at $186.65. Approximately 62,217 shares were traded during trading, a decline of 64% from the average session volume of 172,757 shares. The stock had previously closed at $172.45.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Zacks Research upgraded Nutex Health to a “hold” rating in a research note on Monday, June 29th. Lake Street Capital reiterated a “buy” rating and issued a $310.00 price objective (up from $235.00) on shares of Nutex Health in a research report on Tuesday. B. Riley Financial started coverage on Nutex Health in a report on Friday, June 26th. They issued a “buy” rating and a $290.00 target price for the company. Weiss Ratings raised shares of Nutex Health from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of Nutex Health from a “strong-buy” rating to a “buy” rating in a report on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $268.33.

Nutex Health Stock Performance

The stock has a 50-day simple moving average of $160.24 and a 200 day simple moving average of $129.58. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.14 and a quick ratio of 3.12. The company has a market capitalization of $1.29 billion, a PE ratio of 7.41 and a beta of 0.24.

Institutional Investors Weigh In On Nutex Health

Several institutional investors and hedge funds have recently made changes to their positions in NUTX. Kilter Group LLC purchased a new position in Nutex Health during the 2nd quarter valued at about $27,000. Islay Capital Management LLC acquired a new stake in shares of Nutex Health in the fourth quarter valued at approximately $34,000. Allworth Financial LP acquired a new stake in shares of Nutex Health in the second quarter valued at approximately $35,000. BNP Paribas Financial Markets increased its stake in shares of Nutex Health by 966.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 320 shares of the company’s stock worth $40,000 after purchasing an additional 290 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Nutex Health by 752.4% during the 4th quarter. Royal Bank of Canada now owns 358 shares of the company’s stock worth $59,000 after purchasing an additional 316 shares during the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

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.