Nutex Health Inc. [NASDAQ: NUTX] loss -14.79% or -0.04 points to close at $0.22 with a heavy trading volume of 5215555 shares. The company report on September 7, 2023 at 5:30 AM that NUTEX HEALTH ANNOUNCES PARTICIPATION IN UPCOMING INVESTOR CONFERENCES.
Nutex Health Inc. (“Nutex Health” or the “Company”) (NASDAQ: NUTX), a physician-led, technology-enabled integrated healthcare delivery system comprised of 22 state-of-the-art micro hospitals in 8 states and primary care-centric, risk-bearing physician networks, today announced that Thomas Vo, M.D., MBA, Founder, Chairman and CEO will be participating in the following investor conferences:.
H.C. Wainwright 25th Annual Global Investment ConferenceDate: September 13, 2023Time: 4:00pm – 4:25pm ESTVenue: Lotte New York Palace Hotel.
It opened the trading session at $0.2573, the shares rose to $0.2626 and dropped to $0.215, the range by which the price of stock traded the whole day. The daily chart for NUTX points out that the company has recorded -81.90% loss over the past six months. However, it is still 12.0% higher than its most recent low trading price.
If we look at the average trading volume of 2.46M shares, NUTX reached to a volume of 5215555 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Nutex Health Inc. [NUTX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NUTX shares is $2.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NUTX stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for Nutex Health Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 22, 2023.
The Average True Range (ATR) for Nutex Health Inc. is set at 0.03, with the Price to Sales ratio for NUTX stock in the period of the last 12 months amounting to 0.77. The Price to Book ratio for the last quarter was 1.56, with the Price to Cash per share for the same quarter was set at 0.05.
Trading performance analysis for NUTX stock
Nutex Health Inc. [NUTX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -27.00. With this latest performance, NUTX shares dropped by -42.37% in over the last four-week period, additionally sinking by -81.90% over the last 6 months – not to mention a drop of -92.55% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NUTX stock in for the last two-week period is set at 30.95, with the RSI for the last a single of trading hit 27.18, and the three-weeks RSI is set at 33.49 for Nutex Health Inc. [NUTX]. The present Moving Average for the last 50 days of trading for this stock 0.3515, while it was recorded at 0.2580 for the last single week of trading, and 0.9252 for the last 200 days.
Nutex Health Inc. [NUTX]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Nutex Health Inc. [NUTX] shares currently have an operating margin of -2.09 and a Gross Margin at +6.13. Nutex Health Inc.’s Net Margin is presently recorded at -193.70.
Return on Total Capital for NUTX is now -1.96, given the latest momentum, and Return on Invested Capital for the company is -203.58. Return on Equity for this stock declined to -496.82, with Return on Assets sitting at -164.17. When it comes to the capital structure of this company, Nutex Health Inc. [NUTX] has a Total Debt to Total Equity ratio set at 278.73. Additionally, NUTX Total Debt to Total Capital is recorded at 73.60, with Total Debt to Total Assets ending up at 61.89. Long-Term Debt to Equity for the company is recorded at 256.73, with the Long-Term Debt to Total Capital now at 67.79.
Reflecting on the efficiency of the workforce at the company, Nutex Health Inc. [NUTX] managed to generate an average of -$369,374 per employee. Receivables Turnover for the company is 7.26 with a Total Asset Turnover recorded at a value of 0.85.Nutex Health Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.
An analysis of Institutional ownership at Nutex Health Inc. [NUTX]
The top three institutional holders of NUTX stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in NUTX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in NUTX stock with ownership which is approximately 5.7381%.