OneMedNet (NASDAQ:ONMD) Announces Quarterly Earnings Results

OneMedNet (NASDAQ:ONMD) released its quarterly earnings data on Friday. The company reported ($0.04) EPS for the quarter, FiscalAI reports. The business had revenue of $0.10 million during the quarter.

OneMedNet Stock Performance

ONMD traded down $0.10 during trading on Friday, hitting $0.84. 461,844 shares of the stock were exchanged, compared to its average volume of 949,119. The firm has a 50 day simple moving average of $0.88 and a 200 day simple moving average of $1.09. The firm has a market cap of $43.92 million, a price-to-earnings ratio of -12.02 and a beta of 1.25. OneMedNet has a 1 year low of $0.31 and a 1 year high of $4.22.

Insider Buying and Selling at OneMedNet

In other news, insider Jeffrey Yu acquired 903,614 shares of OneMedNet stock in a transaction on Wednesday, April 1st. The shares were bought at an average cost of $0.83 per share, for a total transaction of $749,999.62. Following the acquisition, the insider directly owned 8,229,837 shares of the company’s stock, valued at $6,830,764.71. This trade represents a 12.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas Kosasa acquired 280,898 shares of OneMedNet stock in a transaction on Thursday, April 23rd. The shares were purchased at an average price of $0.89 per share, for a total transaction of $249,999.22. Following the completion of the acquisition, the director directly owned 16,661,327 shares in the company, valued at $14,828,581.03. This trade represents a 1.71% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 46.20% of the company’s stock.

Institutional Trading of OneMedNet

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new stake in OneMedNet during the 3rd quarter valued at $25,000. HRT Financial LP bought a new stake in OneMedNet during the 4th quarter valued at $32,000. Virtu Financial LLC bought a new stake in OneMedNet during the 4th quarter valued at $48,000. Jane Street Group LLC bought a new stake in OneMedNet during the 4th quarter valued at $119,000. Finally, State Street Corp boosted its position in OneMedNet by 41.5% during the 4th quarter. State Street Corp now owns 116,700 shares of the company’s stock valued at $128,000 after acquiring an additional 34,200 shares in the last quarter. Institutional investors own 0.95% of the company’s stock.

About OneMedNet

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.