Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nutex Health Inc shares valued at $62,195 were purchased by Vo Thomas T. on Nov 20 ’23. At $0.23 per share, Vo Thomas T. acquired 275,200 shares. The insider’s holdings grew to 269,822,776 shares worth approximately $264.43 million following the completion of this transaction.
Also, Vo Thomas T. purchased 224,800 shares, netting a total of over 51,704 in proceeds. Following the buying of shares at $0.23 each, the insider now holds 269,547,576 shares.
Before that, DeTillio Joshua had added 140,000 shares to its account. In a trade valued at $34,174, the Chief Operating Officer bought Nutex Health Inc shares for $0.24 each. Upon closing the transaction, the insider’s holdings increased to 140,000 shares, worth approximately $0.14 million.
As published in their initiating research note from Northland Capital on February 22, 2023, Nutex Health Inc [NUTX] has been an Outperform and the price target has been revised to $3.
Analyzing NUTX Stock Performance
During the last five days, there has been a drop of approximately -25.16%. Over the course of the year, Nutex Health Inc shares have dropped approximately -63.87%. Shares of the company reached a 52-week high of $3.8715 on 01/10/24 and a 52-week low of $0.9344 on 04/10/24. A 50-day SMA is recorded $1.5846, while a 200-day SMA reached $3.3343. Nevertheless, trading volume fell to 2.28 million shares from 2.89 million shares the previous day.
Support And Resistance Levels for Nutex Health Inc (NUTX)
According to the 24-hour chart, there is a support level at 0.8042, which, if violated, would cause prices to drop to 0.6328. In the upper region, resistance lies at 1.2772. The next price resistance is at 1.5788. RSI (Relative Strength Index) is 19.63 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2671, which suggests the price will decrease in the coming days. Percent R is at 94.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Nutex Health Inc subject to short interest?
Stocks of Nutex Health Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -1.03 million shares to 1.47 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.5 million shares. A decline of -70.07% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.84 of the overall float, the days-to-cover ratio (short ratio) decline to 0.84.
