OneMedNet (NASDAQ:ONMD) Stock Price Down 3.9% – What’s Next?

OneMedNet Corporation (NASDAQ:ONMD) shares fell 3.9% during trading on Thursday . The company traded as low as $0.7375 and last traded at $0.79. 320,701 shares traded hands during trading, an increase of 0% from the average session volume of 319,284 shares. The stock had previously closed at $0.8220.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OneMedNet in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

OneMedNet Stock Performance

The firm has a market capitalization of $37.24 million, a price-to-earnings ratio of -14.60 and a beta of 1.13. The firm has a fifty day moving average price of $1.19 and a 200 day moving average price of $1.25.

OneMedNet (NASDAQ:ONMD) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $0.18 million during the quarter.

Insider Activity

In related news, CEO Aaron Green sold 61,555 shares of OneMedNet stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $1.20, for a total transaction of $73,866.00. Following the completion of the transaction, the chief executive officer directly owned 1,804,103 shares in the company, valued at $2,164,923.60. The trade was a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 46.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Correct Capital Wealth Management bought a new position in shares of OneMedNet during the third quarter worth about $4,910,000. Exencial Wealth Advisors LLC lifted its holdings in OneMedNet by 141.3% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 3,599,460 shares of the company’s stock worth $3,923,000 after buying an additional 2,107,598 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in OneMedNet during the 3rd quarter worth approximately $25,000. Institutional investors and hedge funds own 0.95% of the company’s stock.

OneMedNet Company Profile

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences. OneMedNet Corporation is based in Eden Prairie, Minnesota.