Nutex Health (NASDAQ:NUTX) Shares Gap Up – Here’s What Happened

Nutex Health Inc. (NASDAQ:NUTX)’s share price gapped up before the market opened on Friday . The stock had previously closed at $119.45, but opened at $129.80. Nutex Health shares last traded at $130.4340, with a volume of 4,974 shares.

Analyst Upgrades and Downgrades

NUTX has been the subject of several recent research reports. Wall Street Zen raised Nutex Health from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised Nutex Health from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $205.00.

Nutex Health Trading Up 1.9%

The stock has a fifty day moving average of $111.43 and a 200 day moving average of $127.63. The company has a market capitalization of $915.07 million, a P/E ratio of 10.28 and a beta of 0.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.12 and a current ratio of 3.14.

Nutex Health (NASDAQ:NUTX) last announced its earnings results on Thursday, April 30th. The company reported $6.52 EPS for the quarter, topping 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 company had revenue of $216.49 million for the quarter, compared to analysts’ expectations of $227.80 million.

Institutional Investors Weigh In On Nutex Health

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Nutex Health by 52.3% during the 1st quarter. Bank of America Corp DE now owns 9,027 shares of the company’s stock worth $858,000 after acquiring an additional 3,101 shares during the period. Smith Group Asset Management LLC bought a new stake in Nutex Health during the 1st quarter worth approximately $1,244,000. EverSource Wealth Advisors LLC bought a new stake in Nutex Health during the 1st quarter worth approximately $83,000. Empowered Funds LLC bought a new stake in Nutex Health during the first quarter valued at about $3,084,000. Finally, Quantinno Capital Management LP bought a new stake in Nutex Health during the first quarter valued at about $843,000. Institutional investors own 5.32% of the company’s stock.

Nutex Health Company Profile

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.