Nutex Health (NASDAQ:NUTX) Shares Up 1% – Still a Buy?

Nutex Health Inc. (NASDAQ:NUTX)’s stock price rose 1% on Thursday . The company traded as high as $35.49 and last traded at $33.67. Approximately 68,164 shares changed hands during mid-day trading, an increase of 58% from the average daily volume of 43,148 shares. The stock had previously closed at $33.33.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Benchmark upped their target price on Nutex Health from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Maxim Group increased their price objective on shares of Nutex Health from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th.

Nutex Health Trading Up 3.9 %

The company has a debt-to-equity ratio of 3.36, a current ratio of 1.77 and a quick ratio of 1.74. The firm’s fifty day moving average price is $28.61 and its 200-day moving average price is $18.11. The company has a market cap of $190.24 million, a price-to-earnings ratio of -3.73 and a beta of 0.12.

Institutional Investors Weigh In On Nutex Health

Several hedge funds and other institutional investors have recently bought and sold shares of NUTX. Beaird Harris Wealth Management LLC purchased a new position in Nutex Health in the 3rd quarter worth about $69,000. International Assets Investment Management LLC acquired a new position in Nutex Health in the 3rd quarter worth approximately $188,000. State Street Corp purchased a new position in Nutex Health during the 3rd quarter worth approximately $225,000. Thompson Davis & CO. Inc. acquired a new stake in Nutex Health during the 3rd quarter valued at $494,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Nutex Health in the third quarter valued at $1,579,000. 5.32% of the stock is currently owned by institutional investors.

Nutex Health Company Profile

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.