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Clinigence Holdings Inc (NUTX)
:NUTX
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Clinigence Holdings (NUTX) AI Stock Analysis

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NUTX

Clinigence Holdings

(NASDAQ:NUTX)

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Outperform 80 (OpenAI - 4o)
Rating:80Outperform
Price Target:
$164.00
▲(47.75% Upside)
NUTX's strong financial performance and undervaluation are the primary drivers of its score. The positive technical indicators and significant earnings growth further support the stock's potential. However, risks related to financial volatility, reliance on arbitration revenue, and regulatory concerns warrant cautious optimism.
Positive Factors
Revenue Growth
The substantial revenue growth indicates strong market demand and successful execution of business strategies, enhancing long-term financial stability.
Cash Flow Improvement
Improved cash flow reflects operational efficiency and financial health, providing the company with more resources for investment and growth.
Patient Volume Increase
Increasing patient volumes suggest growing demand for services, supporting sustained revenue growth and market position in the healthcare sector.
Negative Factors
Dependence on Arbitration Revenue
Heavy reliance on arbitration revenue introduces risk, as changes in regulatory or payer environments could significantly impact financial performance.
Delayed SEC Filings
Delays in SEC filings can undermine investor confidence and suggest potential internal control or financial reporting issues, impacting credibility.
Litigation and Regulatory Concerns
Ongoing litigation and regulatory scrutiny can lead to financial liabilities and distract management, potentially affecting long-term strategic focus.

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
Clinigence Holdings shows strong financial performance with significant revenue and cash flow growth, supported by efficient operational management. The reduction in leverage is a positive sign, although historical financial volatility and high leverage in previous years highlight areas for cautious monitoring.
Income Statement
85
Very Positive
Clinigence Holdings has demonstrated strong revenue growth with a 23.86% increase in TTM, supported by solid gross and net profit margins of 55.01% and 11.63% respectively. The EBIT and EBITDA margins are also robust at 34.79% and 36.89%, indicating efficient operational management. However, the company has experienced fluctuations in profitability in previous years, which could pose a risk if not managed.
Balance Sheet
70
Positive
The company's debt-to-equity ratio has improved to 0.75 in TTM, showing a reduction in leverage compared to previous years. The return on equity is strong at 40.80%, reflecting effective use of equity capital. However, the equity ratio is not explicitly provided, and historical high leverage ratios suggest potential financial risk if not monitored.
Cash Flow
78
Positive
Clinigence Holdings has shown impressive free cash flow growth of 71.03% in TTM, with a high free cash flow to net income ratio of 99.74%, indicating strong cash generation relative to earnings. The operating cash flow to net income ratio is also healthy at 95.87%. Despite these strengths, the company has faced cash flow challenges in the past, which should be considered.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue981.20M479.95M247.65M219.29M331.53M274.03M
Gross Profit539.77M196.26M34.77M15.42M179.28M157.61M
EBITDA361.94M148.65M-14.58M-394.03M183.45M158.07M
Net Income114.07M52.18M-45.79M-424.78M132.59M105.97M
Balance Sheet
Total Assets964.52M655.32M398.25M431.75M394.65M308.55M
Cash, Cash Equivalents and Short-Term Investments166.05M43.58M22.00M34.26M36.12M25.51M
Total Debt358.60M340.30M275.76M267.20M178.55M150.12M
Total Liabilities526.49M453.43M319.14M311.42M203.07M161.19M
Stockholders Equity317.17M146.34M61.45M95.86M114.65M85.81M
Cash Flow
Free Cash Flow224.03M20.85M-8.24M35.97M136.51M25.48M
Operating Cash Flow224.79M23.15M1.26M50.61M173.43M86.67M
Investing Cash Flow-565.25K-2.67M-11.24M-4.34M-36.98M-61.19M
Financing Cash Flow-55.14M1.09M-2.27M-48.13M-125.85M-7.97M

Clinigence Holdings Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price111.00
Price Trends
50DMA
112.16
Positive
100DMA
103.45
Positive
200DMA
103.92
Positive
Market Momentum
MACD
2.69
Positive
RSI
47.48
Neutral
STOCH
45.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NUTX, the sentiment is Neutral. The current price of 111 is below the 20-day moving average (MA) of 120.30, below the 50-day MA of 112.16, and above the 200-day MA of 103.92, indicating a neutral trend. The MACD of 2.69 indicates Positive momentum. The RSI at 47.48 is Neutral, neither overbought nor oversold. The STOCH value of 45.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NUTX.

Clinigence Holdings Risk Analysis

Clinigence Holdings disclosed 62 risk factors in its most recent earnings report. Clinigence Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Clinigence Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
$797.71M5.8563.86%236.03%
67
Neutral
$751.20M37.115.87%0.49%3.68%5.62%
60
Neutral
$2.37B-10.12%1.92%59.18%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
45
Neutral
$468.72M-13.63%-16.65%-71.92%
45
Neutral
$206.53M-31.33%4.64%-17.17%
42
Neutral
$396.10M-1.05-47.69%-5.30%46.01%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NUTX
Clinigence Holdings
112.80
75.60
203.23%
HSTM
HealthStream
25.32
-7.67
-23.25%
EVH
Evolent Health
4.20
-8.72
-67.49%
HCAT
Health Catalyst
2.92
-5.91
-66.93%
TXG
10x Genomics
18.75
2.85
17.92%
DH
Definitive Healthcare Corp
2.81
-1.92
-40.59%

Clinigence Holdings Corporate Events

Business Operations and StrategyDelistings and Listing ChangesFinancial 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.

The most recent analyst rating on (NUTX) stock is a Buy with a $113.00 price target. To see the full list of analyst forecasts on Clinigence Holdings stock, see the NUTX Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
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.

The most recent analyst rating on (NUTX) stock is a Buy with a $99.00 price target. To see the full list of analyst forecasts on Clinigence Holdings stock, see the NUTX Stock Forecast page.

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.

The most recent analyst rating on (NUTX) stock is a Buy with a $300.00 price target. To see the full list of analyst forecasts on Clinigence Holdings stock, see the NUTX Stock Forecast page.

Executive/Board Changes
Nutex Health Appoints New Lead Independent Director
Neutral
Sep 4, 2025

On September 2, 2025, Nutex Health, Inc. appointed Michael L. Reed as the Lead Independent Director of its Board of Directors. Reed, who has been a board member since April 2022, will facilitate communication between independent directors and the company’s management, reinforcing Nutex Health’s commitment to strong corporate governance and compliance with Nasdaq’s requirements. This move highlights the company’s dedication to maintaining robust corporate governance practices.

The most recent analyst rating on (NUTX) stock is a Buy with a $300.00 price target. To see the full list of analyst forecasts on Clinigence Holdings stock, see the NUTX Stock Forecast page.

Clinigence Holdings Inc. Earnings Call: Growth Amid Challenges
Sep 1, 2025

The recent earnings call for Clinigence Holdings Inc. painted a picture of cautious optimism. While the company reported significant revenue growth, improved profitability, and strong patient satisfaction metrics, these positives were tempered by concerns over delayed SEC filings, reliance on arbitration revenue, and potential litigation risks. The overall sentiment suggests a balance between operational success and underlying challenges.

Legal Proceedings
Nutex Health Faces Securities Class Action Lawsuit
Negative
Aug 25, 2025

On August 22, 2025, a securities class action complaint was filed against Nutex Health Inc. in the United States District Court for the Southern District of Texas. The complaint, which follows a recent short seller report, names the company’s top executives as defendants and alleges violations of the Securities Exchange Act of 1934. Nutex Health disputes the allegations and plans to defend itself vigorously, though an adverse ruling could significantly impact its financial position or operations.

The most recent analyst rating on (NUTX) stock is a Buy with a $103.00 price target. To see the full list of analyst forecasts on Clinigence Holdings stock, see the NUTX Stock Forecast page.

Delistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance
Clinigence Holdings Faces Nasdaq Delisting Notice
Neutral
Aug 21, 2025

On August 20, 2025, Nutex Health Inc. received a notice from Nasdaq due to a delayed filing of its Quarterly Report, risking delisting if not resolved by October 20, 2025. The company is actively working to complete its financial filings. Additionally, Nutex Health disclosed that its previously issued financial statements should not be relied upon due to non-cash classification changes, which are being corrected. Despite these challenges, Nutex Health reported significant financial growth for the three and six months ended June 30, 2025, with total revenue increasing by over 200% compared to the previous year, driven by mature hospitals’ performance.

The most recent analyst rating on (NUTX) stock is a Buy with a $103.00 price target. To see the full list of analyst forecasts on Clinigence Holdings stock, see the NUTX Stock Forecast page.

Nutex Health Reports Strong Revenue Growth Amid Filing Delay
Aug 16, 2025

Nutex Health Inc., headquartered in Houston, Texas, is a healthcare management and operations company that specializes in micro-hospitals and provider networks across the United States. The company operates through two main divisions: a Hospital Division, which manages 24 facilities in 11 states, and a Population Health Management Division, which supports affiliated hospitals and physician groups.

Nutex Health Inc. Delays 10-Q Filing
Aug 14, 2025

Nutex Health Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending June 30, 2025. The company cites the need for additional time to analyze the classification of certain equity instruments and finalize its financial statements as the primary reasons for the delay. Despite these challenges, Nutex Health is working diligently to complete the review and expects to file the report within the five-calendar day extension period allowed by Rule 12b-25. The company anticipates significant changes in its financial results compared to the previous fiscal year, although specific details are not yet available. Nutex Health remains committed to compliance and transparency, as evidenced by the signature of Jon C. Bates, Chief Financial Officer, on the notification.

The most recent analyst rating on (NUTX) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on Clinigence Holdings stock, see the NUTX Stock Forecast page.

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: Nov 26, 2025