OneMedNet (NASDAQ:ONMD – Get Free Report) issued its earnings results on Monday. The company reported ($0.06) EPS for the quarter, reports. The company had revenue of $0.89 million during the quarter.
OneMedNet Trading Up 7.1%
ONMD opened at $0.85 on Wednesday. OneMedNet has a 1-year low of $0.30 and a 1-year high of $4.22. The company has a market cap of $43.36 million, a price-to-earnings ratio of -12.14 and a beta of 1.08. The company’s fifty day moving average price is $0.76 and its two-hundred day moving average price is $1.28.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of OneMedNet in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Institutional Investors Weigh In On OneMedNet
Several hedge funds and other institutional investors have recently made changes to their positions in ONMD. Ashton Thomas Private Wealth LLC acquired a new stake in shares of OneMedNet in the 3rd quarter worth about $25,000. HRT Financial LP acquired a new position in OneMedNet during the 4th quarter valued at about $32,000. Virtu Financial LLC bought a new stake in OneMedNet during the 4th quarter worth approximately $48,000. Jane Street Group LLC bought a new stake in OneMedNet during the 4th quarter worth approximately $119,000. Finally, State Street Corp raised its stake in shares of OneMedNet by 41.5% in the fourth quarter. State Street Corp now owns 116,700 shares of the company’s stock worth $128,000 after purchasing an additional 34,200 shares during the last quarter. 0.95% of the stock is owned by institutional investors.
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.
See Also
Receive News & Ratings for OneMedNet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OneMedNet and related companies with MarketBeat.com's FREE daily email newsletter.
