Nutex Health Stock Set to Reverse Split on Wednesday, July 3rd (NASDAQ:NUTX)

Nutex Health Inc. (NASDAQ:NUTX) shares are scheduled to reverse split before the market opens on Wednesday, July 3rd. The 1-10 reverse split was announced on Wednesday, July 3rd. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, July 3rd.

Nutex Health Stock Performance

Shares of NUTX opened at $0.59 on Friday. The firm’s 50 day moving average price is $0.64 and its two-hundred day moving average price is $1.51. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.63 and a current ratio of 1.68. Nutex Health has a twelve month low of $0.50 and a twelve month high of $7.05. The firm has a market cap of $29.58 million, a P/E ratio of -0.56 and a beta of 0.05.

Nutex Health (NASDAQ:NUTX) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.01) EPS for the quarter. The company had revenue of $67.45 million for the quarter. Nutex Health had a negative return on equity of 44.06% and a negative net margin of 15.85%.

Insider Activity

In other news, CEO Thomas T. Vo acquired 48,394 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $0.70 per share, for a total transaction of $33,875.80. Following the completion of the acquisition, the chief executive officer now owns 18,053,909 shares in the company, valued at $12,637,736.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 88,710 shares of company stock worth $58,604 over the last three months. Corporate insiders own 38.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC boosted its stake in shares of Nutex Health by 210.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 930,282 shares of the company’s stock worth $167,000 after buying an additional 630,168 shares during the last quarter. GDS Wealth Management boosted its position in Nutex Health by 98.2% during the fourth quarter. GDS Wealth Management now owns 1,110,051 shares of the company’s stock valued at $200,000 after purchasing an additional 550,026 shares during the last quarter. One Plus One Wealth Management LLC grew its stake in Nutex Health by 2,017.5% in the first quarter. One Plus One Wealth Management LLC now owns 5,293,720 shares of the company’s stock valued at $508,000 after purchasing an additional 5,043,720 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of Nutex Health by 86.0% during the 4th quarter. Truist Financial Corp now owns 4,367,317 shares of the company’s stock worth $786,000 after purchasing an additional 2,018,966 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.

Nutex Health Company Profile

Nutex Health Inc operates as a physician-led, healthcare services, and operations company. It operates through three segments: Hospital, Population Health Management (PHM), and Real Estate. The PHM segment establishes and operates independent physician associations; and offers a cloud-based platform for healthcare organizations to provide value-based care and population health management.