The 36-month beta value for ONMD is also noteworthy at -0.42.
The public float for ONMD is 15.08M, and at present, short sellers hold a 2.12% of that float. The average trading volume of ONMD on May 09, 2024 was 815.61K shares.
ONMD) stock’s latest price update
OneMedNet Corp. (NASDAQ: ONMD)’s stock price has gone decline by -11.62 in comparison to its previous close of 0.63, however, the company has experienced a -0.80% decrease in its stock price over the last five trading days. 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.
ONMD’s Market Performance
OneMedNet Corp. (ONMD) has experienced a -0.80% fall in stock performance for the past week, with a -21.13% drop in the past month, and a -52.14% drop in the past quarter. The volatility ratio for the week is 12.87%, and the volatility levels for the past 30 days are at 11.30% for ONMD. The simple moving average for the last 20 days is -8.63% for ONMD’s stock, with a simple moving average of -88.05% for the last 200 days.
ONMD Trading at -22.59% 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 -95.85% of loss for the given period.
Volatility was left at 11.30%, however, over the last 30 days, the volatility rate increased by 12.87%, as shares sank -12.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.41% lower at present.
During the last 5 trading sessions, ONMD fell by -0.80%, which changed the moving average for the period of 200-days by -94.77% in comparison to the 20-day moving average, which settled at $0.6089. In addition, OneMedNet Corp. saw -30.86% 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:
- -7.63 for the present operating margin
- -0.13 for the gross margin
The net margin for OneMedNet Corp. stands at -21.86. The total capital return value is set at 0.63. 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 -0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 2.38. The debt to equity ratio resting at -0.4. The interest coverage ratio of the stock is -18.0.
Currently, EBITDA for the company is -11.97 million with net debt to EBITDA at -0.23. When we switch over and look at the enterprise to sales, we see a ratio of 18.02. The receivables turnover for the company is 6.74for trailing twelve months and the total asset turnover is 2.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.01.
Conclusion
In summary, OneMedNet Corp. (ONMD) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
