Why did NUTEX share price decline from over $110 a year ago to under $1 today?

The decline in NUTEX share price from over $110 a year ago to under $1 today can be attributed to several factors:1. Reverse Stock Split: NUTEX announced a 1-for-15 reverse stock split, which is aimed at avoiding delisting. This move indicates that the company's share price was below the minimum bid price requirement for continued listing on the Nasdaq Exchange. The reverse split will result in every 15 shares being consolidated into a single share, reducing the number of shares outstanding from approximately 745 million to approximately 50 million.2. Market Reaction: The announcement of the reverse stock split has negatively impacted investor sentiment, leading to a 13% drop in the stock price. This reaction suggests that investors may have concerns about the company's financial health or future prospects.3. Financial Performance: NUTEX's financial performance has been underwhelming, with a 15% drop in revenue over the past three years. This lack of growth has likely contributed to the decline in share price, as investors may be questioning the company's ability to generate sustainable returns.4. Stock Price Rebound: Despite the recent decline, there has been a 27% rebound in the stock price over the past thirty days. This indicates that some investors may be optimistic about the company's future prospects, potentially due to anticipated revenue growth or other positive developments.5. Comparative Analysis: NUTEX's price-to-sales (P/S) ratio is currently at 0.7x, which is similar to the industry median of about 1.1x. While this P/S ratio suggests that the stock may be undervalued, it's essential to consider the company's specific financial metrics and market conditions.In summary, the decline in NUTEX's share price can be attributed to the reverse stock split, market reaction, and concerns about the company's financial performance. However, the recent rebound indicates that some investors may still hold optimism for the company's future prospects.${富文本块}