The stock of Nutex Health Inc. (NASDAQ:NUTX) increased by $0.01 on Wednesday to $0.22, up 4.13 percent. The last five days have seen an average of 4,714,573 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$1.6817. The average number of shares traded over the last 20 days was 3,045,748, while the average volume over the last 50 days totaled 2,098,209.
NUTX stock dropped -28.68% since last month. On 09/20/23, the company’s shares reached a one-month low of $0.2050. The stock touched a high of $2.46 on 01/04/23, after rallying from a low of $0.21 in 52 weeks. The price of NUTX stock has declined by -88.33% or -$1.6817 this year, reaching a new high 2 times. Still, the stock price is down -90.98% from the 52-week high.
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Insider Transactions
NUTX stock investors should be aware that Nutex Health Inc. (NUTX) stock had its last reported insider trading activity 20 days ago on Aug 31. On Aug 31, Chief Executive Officer Vo Thomas T. acquired 152,326 shares at $0.28 each. This transaction resulted in the insider spending $42,651. On Aug 30, Vo Thomas T. added 305,947 shares at a price of US$0.31. After the transaction, the insider now owns 269,170,450 shares. Chief Executive Officer Vo Thomas T. had earlier bought 342,744 shares on Aug 29 for $0.30 a share. The transaction was completed for $102,823.
Valuation Metrics
Beta for the stock is 0.72. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.70, the price-to-book (PB) ratio of 1.58.
Financial Health
For the three months ended June 29, Nutex Health Inc.’s quick ratio was 1.60, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.65, and the total debt to equity ratio is 2.91. As far as profitability goes, gross margin for the trailing twelve months is -5.80% percent. Based on annual data, it had gross profit of $13.45 million and revenue of $219.29 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NUTX’s return on assets (ROA) during the last 12 months has been -100.60%. There was a -122.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -444.90%.
Earnings Surprise
According to Nutex Health Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $58.92 million, while revenues rose by 1.48% to $56.33 million. It was predicted that Nutex Health Inc.’s quarterly earnings would be -$0.01, but it ended up being $0. EBITDA was $3.8 million for the quarter. At the end of Nutex Health Inc.’s most recent quarter ended June 29, its liabilities totaled 328.01 million, while its total debt was $286.89 million. Equity owned by shareholders amounts to $661.9 million.
Technical Picture
Here’s a quick look at Nutex Health Inc.’s (NUTX) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 36.10%, suggesting the stock is Neutral, with a 112.92% historical volatility rate.
The stochastic %K and %D were 14.90% and 14.67% respectively, while the average true range (ATR) was 0.0270. Based on the 14-day stochastic reading of 12.67%, the RSI (14) reading is 36.04%. On the 9-day MACD Oscillator, the stock is at -0.0051, and the 14-day reading is at -0.0235.
Analyst Ratings
In its analyst report released on February 22, 2023, Northland Capital began covering Nutex Health Inc. (NASDAQ: NUTX). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Nutex Health Inc. (NUTX) an Buy rating. NUTX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is NUTX’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.25 and $2.50, with a median target price of $2.38. In analyzing these forecasts, the average price target given by analysts for Nutex Health Inc. (NUTX) is $2.38.
