OneMedNet Corp. (ONMD) Shares Rise Despite Market Challenges

OneMedNet Corp. (NASDAQ: ONMD) has seen a rise in its stock price by 5.51 in relation to its previous close of 0.75. However, the company has experienced a 7.68% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-01-29 that OneMedNet (NASDAQ: ONMD ) stock is taking off on Monday despite a lack of news from the health data sharing technology company. There are no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why the stock is rising today.

Is It Worth Investing in OneMedNet Corp. (NASDAQ: ONMD) Right Now?

Company’s 36-month beta value is -0.56.

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The public float for ONMD is 20.40M, and currently, short sellers hold a 0.43% ratio of that floaft. The average trading volume of ONMD on April 03, 2024 was 2.39M shares.

ONMD’s Market Performance

ONMD’s stock has seen a 7.68% increase for the week, with a -1.03% drop in the past month and a -2.43% fall in the past quarter. The volatility ratio for the week is 9.09%, and the volatility levels for the past 30 days are at 13.28% for OneMedNet Corp. The simple moving average for the past 20 days is 0.61% for ONMD’s stock, with a -86.80% simple moving average for the past 200 days.

ONMD Trading at -9.81% from the 50-Day Moving Average

After a stumble in the market that brought ONMD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.15% of loss for the given period.

Volatility was left at 13.28%, however, over the last 30 days, the volatility rate increased by 9.09%, as shares surge +5.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +83.72% upper at present.

During the last 5 trading sessions, ONMD rose by +7.64%, which changed the moving average for the period of 200-days by -92.54% in comparison to the 20-day moving average, which settled at $0.7876. In addition, OneMedNet Corp. saw -2.43% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for ONMD

Current profitability levels for the company are sitting at:

  • -3.49 for the present operating margin
  • 0.8 for the gross margin

The net margin for OneMedNet Corp. stands at -7.02. The total capital return value is set at 0.45. Equity return is now at value -4.40, with -3.90 for asset returns.

Based on OneMedNet Corp. (ONMD), the company’s capital structure generated -116.9 points at debt to capital in total, while cash flow to debt ratio is standing at -0.2. The debt to equity ratio resting at -0.99. The interest coverage ratio of the stock is -27.57.

Currently, EBITDA for the company is -6.14 million with net debt to EBITDA at -2.62. When we switch over and look at the enterprise to sales, we see a ratio of 26.72. The receivables turnover for the company is 0.69for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.01.

Conclusion

In a nutshell, OneMedNet Corp. (ONMD) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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