OneMedNet (ONMD) and Its Peers Critical Comparison

OneMedNet (NASDAQ:ONMD) is one of 93 publicly-traded companies in the “Healthcare Technology” industry, but how does it weigh in compared to its competitors? We will compare OneMedNet to similar companies based on the strength of its dividends, analyst recommendations, valuation, earnings, profitability, institutional ownership and risk.

Valuation & Earnings

This table compares OneMedNet and its competitors revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
OneMedNet	$1.46 million	-$2.80 million	-2.79
OneMedNet Competitors	$355.95 million	-$24.15 million	13.19

OneMedNet’s competitors have higher revenue, but lower earnings than OneMedNet. OneMedNet is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Risk & Volatility

OneMedNet has a beta of 1.14, meaning that its stock price is 14% more volatile than the S&P 500. Comparatively, OneMedNet’s competitors have a beta of 1.06, meaning that their average stock price is 6% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent ratings for OneMedNet and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
OneMedNet	1	0	0	0	1.00
OneMedNet Competitors	446	1513	2723	88	2.51

As a group, “Healthcare Technology” companies have a potential upside of 37.16%. Given OneMedNet’s competitors stronger consensus rating and higher probable upside, analysts plainly believe OneMedNet has less favorable growth aspects than its competitors.

Insider and Institutional Ownership

0.9% of OneMedNet shares are owned by institutional investors. Comparatively, 42.3% of shares of all “Healthcare Technology” companies are owned by institutional investors. 50.2% of OneMedNet shares are owned by company insiders. Comparatively, 16.0% of shares of all “Healthcare Technology” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Profitability

This table compares OneMedNet and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
OneMedNet	-584.20%	N/A	-521.20%
OneMedNet Competitors	-778.94%	-34.14%	-15.64%

Summary

OneMedNet competitors beat OneMedNet on 8 of the 13 factors compared.

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.