Nutex Health (NASDAQ:NUTX) Shares Down 5.5% – Time to Sell?

Nutex Health Inc. (NASDAQ:NUTX) shares were down 5.5% during mid-day trading on Tuesday . The stock traded as low as $194.35 and last traded at $186.6230. 23,936 shares traded hands during trading, a decline of 86% from the average session volume of 172,066 shares. The stock had previously closed at $197.51.

Analysts Set New Price Targets

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

Nutex Health Stock Up 3.6%

The company has a current ratio of 3.14, a quick ratio of 3.12 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.18 billion, a P/E ratio of 6.77 and a beta of 0.24. The stock’s 50-day simple moving average is $160.24 and its 200-day simple moving average is $129.58.

Hedge Funds Weigh In On Nutex Health

Several institutional investors have recently bought and sold shares of NUTX. Hussman Strategic Advisors Inc. bought a new position in shares of Nutex Health in the fourth quarter valued at approximately $3,457,000. First Trust Advisors LP increased its holdings in Nutex Health by 60.0% during the 1st quarter. First Trust Advisors LP now owns 18,335 shares of the company’s stock worth $1,743,000 after acquiring an additional 6,874 shares during the period. Empowered Funds LLC bought a new stake in Nutex Health during the 1st quarter worth approximately $3,084,000. SG Americas Securities LLC lifted its stake in Nutex Health by 3,232.6% in the 1st quarter. SG Americas Securities LLC now owns 30,360 shares of the company’s stock worth $2,885,000 after purchasing an additional 29,449 shares in the last quarter. Finally, Smith Group Asset Management LLC purchased a new stake in Nutex Health in the 1st quarter worth approximately $1,244,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

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.