OneMedNet (NASDAQ:ONMD) Trading Up 5.7% – What’s Next?

OneMedNet Corporation (NASDAQ:ONMD)’s stock price rose 5.7% on Monday . The company traded as high as $0.7993 and last traded at $0.7993. Approximately 206,977 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 11,778,810 shares. The stock had previously closed at $0.7564.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of OneMedNet in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

OneMedNet Price Performance

The business’s 50-day moving average price is $0.78 and its two-hundred day moving average price is $1.28. The firm has a market cap of $40.77 million, a price-to-earnings ratio of -15.99 and a beta of 1.08.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Exencial Wealth Advisors LLC raised its stake in shares of OneMedNet by 141.3% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 3,599,460 shares of the company’s stock valued at $3,923,000 after purchasing an additional 2,107,598 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in OneMedNet in the third quarter worth about $25,000. Correct Capital Wealth Management acquired a new position in OneMedNet in the third quarter worth about $4,910,000. HRT Financial LP bought a new stake in OneMedNet in the fourth quarter valued at about $32,000. Finally, Jane Street Group LLC acquired a new stake in OneMedNet during the fourth quarter valued at approximately $119,000. 0.95% of the stock is owned by institutional investors and hedge funds.

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.