KindlyMD (NASDAQ:NAKA) Shares Down 10.1% – What’s Next?

KindlyMD, Inc. (NASDAQ:NAKA)’s share price traded down 10.1% during mid-day trading on Tuesday . The stock traded as low as $0.3116 and last traded at $0.3209. 4,644,672 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 5,204,216 shares. The stock had previously closed at $0.3570.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of KindlyMD in a research report on Monday, December 29th. B. Riley dropped their price target on shares of KindlyMD from $2.00 to $1.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Wall Street Zen raised shares of KindlyMD to a “sell” rating in a research note on Saturday, October 18th. Finally, Zacks Research raised shares of KindlyMD to a “hold” rating in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $4.50.

KindlyMD Trading Down 10.1%

The firm has a market cap of $141.15 million, a P/E ratio of -0.29 and a beta of 31.46. The firm’s 50 day moving average is $0.43 and its two-hundred day moving average is $2.85.

Institutional Trading of KindlyMD

Several hedge funds have recently added to or reduced their stakes in NAKA. Sagespring Wealth Partners LLC bought a new position in KindlyMD during the fourth quarter worth about $28,000. SG Americas Securities LLC acquired a new stake in shares of KindlyMD during the fourth quarter worth about $61,000. Truist Financial Corp bought a new position in shares of KindlyMD during the 4th quarter valued at about $176,000. Osaic Holdings Inc. acquired a new position in shares of KindlyMD in the 2nd quarter valued at approximately $215,000. Finally, Vontobel Holding Ltd. acquired a new position in shares of KindlyMD in the 3rd quarter valued at approximately $335,000.

KindlyMD Company Profile

Kindly MD, Inc (“KindlyMD” or “Kindly”) is a Utah company formed in 2019. KindlyMD is a healthcare data company, focused on holistic pain management and reducing the impact of the opioid epidemic. KindlyMD offers direct health care to patients integrating prescription medicine and behavioral health services to reduce opioid use in the chronic pain patient population. Kindly believes these methods will help prevent and reduce addiction and dependency on opiates. Our specialty outpatient clinical services are offered on a fee-for-service basis.