During the last session, Nutex Health Inc. (NASDAQ:NUTX)’s traded shares were 2.02 million, with the beta value of the company hitting 0.69. At the end of the trading day, the stock’s price was $0.49, reflecting an intraday loss of -8.01% or -$0.04. The 52-week high for the NUTX share is $11.19, that puts it down -2183.67 from that peak though still a striking 6.12% gain since the share price plummeted to a 52-week low of $0.46. The company’s market capitalization is $285.23M, and the average intraday trading volume over the past 10 days was 2.51 million shares, and the average trade volume was 1.97 million shares over the past three months.
Nutex Health Inc. (NUTX) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. NUTX has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
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Nutex Health Inc. (NASDAQ:NUTX) trade information
Nutex Health Inc. (NUTX) registered a -8.01% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -8.01% in intraday trading to $0.49 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is 0.31%, and it has moved by -12.69% in 30 days. Based on these gigs, the overall price performance for the year is -94.29%. The short interest in Nutex Health Inc. (NASDAQ:NUTX) is 12.26 million shares and it means that shorts have 7.02 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.75, which implies an increase of 82.18% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.50 and $3.00 respectively. As a result, NUTX is trading at a discount of -512.24% off the target high and -410.2% off the low.
Nutex Health Inc. (NUTX) estimates and forecasts
Statistics show that Nutex Health Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Nutex Health Inc. (NUTX) shares have gone down -54.72% during the last six months, with a year-to-date growth rate more than the industry average at 25.00% against 4.30. In the rating firms’ projections, revenue will increase 17.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $62.05 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $66.05 million by the end of Sep 2023.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 54.90%. While earnings are projected to return -82.70% in 2023.
Nutex Health Inc. is due to release its next quarterly earnings between August 21 and August 25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nutex Health Inc. (NASDAQ:NUTX)’s Major holders
Nutex Health Inc. insiders own 49.41% of total outstanding shares while institutional holders control 4.85%, with the float percentage being 9.58%. Blackrock Inc. is the largest shareholder of the company, while 109 institutions own stock in it. As of Mar 30, 2023, the company held over 11.92 million shares (or 1.81% of all shares), a total value of $5.83 million in shares.
The next largest institutional holding, with 10.55 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 1.61% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $5.16 million.
Also, the Mutual Funds coming in first place with the largest holdings of Nutex Health Inc. (NUTX) shares are iShares Russell 2000 ETF and Fidelity Small Cap Index Fund. Data provided on Feb 27, 2023 indicates that iShares Russell 2000 ETF owns about 5.08 million shares. This amounts to just over 0.78 percent of the company’s overall shares, with a $2.49 million market value. The same data shows that the other fund manager holds slightly less at 2.07 million, or about 0.32% of the stock, which is worth about $1.01 million.