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Clinigence Holdings (NUTX)
NASDAQ:NUTX
US Market

Clinigence Holdings (NUTX) AI Stock Analysis

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NUTX

Clinigence Holdings

(NASDAQ:NUTX)

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Outperform 74 (OpenAI - 4o)
Rating:74Outperform
Price Target:
$203.00
▲(82.88% Upside)
Nutex Health's strong financial performance and significant revenue growth are major positives, supported by bullish technical indicators. However, overbought signals, dependence on arbitration revenue, and legal challenges present potential risks. The stock's valuation is attractive, but the lack of a dividend yield may deter some investors.

Clinigence Holdings (NUTX) vs. SPDR S&P 500 ETF (SPY)

Clinigence Holdings Business Overview & Revenue Model

Company DescriptionClinigence Holdings (NUTX) is a healthcare technology company that focuses on providing innovative solutions for data management, analytics, and health information exchange. Operating primarily within the healthcare sector, Clinigence aims to enhance the quality of care and operational efficiency for healthcare providers through its advanced software platforms and services. The company's offerings include population health management tools, electronic health record (EHR) systems, and data analytics services that assist providers in improving patient outcomes and optimizing their operations.
How the Company Makes MoneyClinigence Holdings generates revenue through multiple streams, primarily by offering subscription-based services for its software platforms that help healthcare providers manage patient data and improve care coordination. The company also earns revenue from consulting services that assist healthcare organizations in implementing its technologies effectively. Additionally, partnerships with healthcare institutions and payers enhance its market reach and diversify income sources. These partnerships often lead to joint initiatives that can result in shared revenue from improved patient care outcomes and operational efficiencies.

Clinigence Holdings Earnings Call Summary

Earnings Call Date:Nov 18, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Mar 26, 2026
Earnings Call Sentiment Neutral
The earnings call highlights significant revenue growth, improved profitability, and strong patient satisfaction metrics. However, these positive factors are offset by concerns over delayed SEC filings, dependence on arbitration revenue, and potential litigation risks. Despite strong operational performance, the balance between highlights and lowlights suggests cautious optimism.
Q2-2025 Updates
Positive Updates
Significant Revenue Growth
Total revenue increased to $244 million for Q2 2025, a 220% increase from $76.1 million in Q2 2024. Revenue for the first half of 2025 was $455.8 million, a 217.5% increase from $143.5 million in the first half of 2024.
Improved Gross Profit and EBITDA
Gross profit was $124.8 million or 51.1% of total revenue for Q2 2025, compared to $22.6 million or 29.7% for Q2 2024. Adjusted EBITDA was $71.6 million for Q2 2025, compared to $6.8 million for the same period in 2024.
Strong Cash Flow
Net cash from operating activities was $78.2 million for the first half of 2025, compared to $16.3 million for the same period in 2024.
Patient Volume Increase
Total patient visits reached 45,573 in Q2 2025, a 10.6% increase from Q2 2024. For the first half of 2025, total patient visits were 93,842, a 15.5% increase from the first half of 2024.
High Patient Satisfaction
Maintained a patient satisfaction rate exceeding 96% across facilities in Q2 2025, complemented by high Google ratings averaging 4.7 out of 5.
Share Repurchase Program
Board of Directors authorized a stock repurchase program of up to $25 million over the next 6 months.
Negative Updates
Delayed SEC Filings and Restatements
Delay in the filing of the second quarter 2025 10-Q due to reevaluation of the accounting treatment of stock-based compensation obligations, leading to necessary restatements.
Dependence on Arbitration Revenue
$167.7 million of Q2 2025 hospital revenue related to independent dispute resolution revenue, which amounts to approximately 71%.
Litigation and Regulatory Concerns
Addressed allegations from a short seller report and clarified involvement in lawsuits against HaloMD. No significant legislative changes to the NSA or IDR process anticipated.
Population Health Division Decline
Population Health Division revenue decreased slightly to $7.7 million in Q2 2025 from $8.5 million in Q2 2024.
Company Guidance
The second quarter of 2025 for Nutex Health showcased significant financial growth, with total patient visits reaching 45,573, marking a 10.6% increase from the same period in 2024. Total revenue surged to $244 million, an impressive 220% rise compared to $76.1 million in Q2 2024. The company's gross profit stood at $124.8 million, representing 51.1% of total revenue, up from $22.6 million or 29.7% in the previous year. Adjusted EBITDA attributed to Nutex Health was $73.3 million, a substantial jump from $6.8 million in Q2 2024, while net cash from operating activities increased to $78.2 million for the first half of 2025, compared to $16.3 million in the same period of 2024. Additionally, Nutex Health reported $96.7 million of cash in the bank as of June 30, 2025. The company attributed its financial success to its micro hospital model, operational efficiency, and strategic arbitration under the No Surprises Act, which played a crucial role in securing fair compensation from insurers through the independent dispute resolution process.

Clinigence Holdings Financial Statement Overview

Summary
Income Statement
85
Very Positive
Balance Sheet
70
Positive
Cash Flow
78
Positive
Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Clinigence Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price111.00
Price Trends
50DMA
127.94
Positive
100DMA
110.74
Positive
200DMA
110.95
Positive
Market Momentum
MACD
15.10
Negative
RSI
54.94
Neutral
STOCH
51.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NUTX, the sentiment is Positive. The current price of 111 is below the 20-day moving average (MA) of 149.12, below the 50-day MA of 127.94, and above the 200-day MA of 110.95, indicating a bullish trend. The MACD of 15.10 indicates Negative momentum. The RSI at 54.94 is Neutral, neither overbought nor oversold. The STOCH value of 51.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NUTX.

Clinigence Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (―)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
$1.21B8.2563.86%236.03%
66
Neutral
$709.37M35.045.87%0.52%3.68%5.62%
60
Neutral
$1.99B-25.20-10.12%1.92%59.18%
50
Neutral
$172.58M-1.51-31.33%4.64%-17.17%
48
Neutral
$454.22M-2.57-13.63%-16.65%-71.92%
42
Neutral
$324.38M-1.36-47.69%-5.30%46.01%
* Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NUTX
Clinigence Holdings
159.00
129.60
440.82%
HSTM
HealthStream
23.82
-7.27
-23.38%
EVH
Evolent Health
4.04
-7.14
-63.86%
HCAT
Health Catalyst
2.39
-4.58
-65.71%
TXG
10x Genomics
15.75
2.14
15.72%
DH
Definitive Healthcare Corp
2.28
-1.86
-44.93%

Clinigence Holdings Corporate Events

Financial DisclosuresRegulatory Filings and Compliance
Clinigence Holdings Files Auditors’ Consent for Nutex
Neutral
Nov 24, 2025

Clinigence Holdings has filed an auditors’ consent related to Nutex Health Inc.’s consolidated financial statements for the years ending December 31, 2023. This filing, made on November 18, 2025, incorporates these financial statements into previously filed registration statements, potentially impacting stakeholders’ understanding of the company’s financial health.

Delistings and Listing ChangesBusiness Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Clinigence Holdings Granted Extension for Nasdaq Compliance
Neutral
Oct 20, 2025

On August 20, 2025, Clinigence Holdings received a notice from Nasdaq due to a delay in filing its quarterly report for June 30, 2025, which led to non-compliance with listing requirements. The company submitted a compliance plan on October 15, 2025, and was granted an extension until December 12, 2025, to file the report, with potential delisting if not met. Nutex Health, meanwhile, reported significant growth in patient volume and cash collections for Q3 2025, with an 11.1% increase in patient visits and a 258.8% rise in cash collections compared to the previous year, driven by strategic expansions and improved revenue management.

Executive/Board ChangesBusiness Operations and Strategy
Nutex Health Appoints New Chief Operating Officer
Positive
Sep 22, 2025

On September 22, 2025, Nutex Health Inc. announced the appointment of Wesley Bamburg as the new Chief Operating Officer, effective October 13, 2025. Bamburg, with 20 years of experience in healthcare operations and management, is expected to contribute significantly to Nutex Health’s growth and expansion. His expertise in operations, payor contracting, and physician relations will be pivotal as the company continues to strengthen its healthcare delivery model and expand its national presence.

Legal Proceedings
Clinigence Holdings Faces Derivative Action Lawsuit
Negative
Sep 10, 2025

On September 8, 2025, a derivative action was filed on behalf of Nutex Health Inc. in the U.S. District Court for the Southern District of Texas. The lawsuit names the company’s CEO, CFO, President, and current and former board members as defendants, alleging violations of the Securities Exchange Act, breaches of fiduciary duties, and other misconduct. The action seeks damages, restitution, and corporate governance reforms. Nutex Health is currently unable to predict the litigation’s outcome or its financial impact.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 09, 2025