The stock has a 36-month beta value of 0.53.
The public float for ONMD is 10.36M, and at present, short sellers hold a 1.73% of that float. On November 13, 2024, the average trading volume of ONMD was 113.86K shares.
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ONMD) stock’s latest price update
OneMedNet Corp (NASDAQ: ONMD)’s stock price has plunge by 23.34relation to previous closing price of 0.77. Nevertheless, the company has seen a 17.17% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-12 that MINNEAPOLIS, Nov. 12, 2024 (GLOBE NEWSWIRE) — OneMedNet Corporation (Nasdaq: ONMD) (“OneMedNet” or the “Company”), a pioneer in curating regulatory-grade Real World Data (RWD) including electronic health records, laboratory results, and medical imaging, has announced an additional strategic investment in Bitcoin. This investment is designed to enhance the company’s financial resilience and support the expansion of its cutting-edge iRWD™ platform.
ONMD’s Market Performance
OneMedNet Corp (ONMD) has seen a 17.17% rise in stock performance for the week, with a 43.72% gain in the past month and a -26.92% plunge in the past quarter. The volatility ratio for the week is 21.74%, and the volatility levels for the past 30 days are at 12.86% for ONMD. The simple moving average for the past 20 days is 21.17% for ONMD’s stock, with a 2.68% simple moving average for the past 200 days.
ONMD Trading at 29.24% 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 -81.00% of loss for the given period.
Volatility was left at 12.86%, however, over the last 30 days, the volatility rate increased by 21.74%, as shares surge +38.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.13% lower at present.
During the last 5 trading sessions, ONMD rose by +17.17%, which changed the moving average for the period of 200-days by -30.66% in comparison to the 20-day moving average, which settled at $0.7840. In addition, OneMedNet Corp saw 17.28% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ONMD
Current profitability levels for the company are sitting at:
- -6.29 for the present operating margin
- -0.05 for the gross margin
The net margin for OneMedNet Corp stands at -23.2. The total capital return value is set at 0.42.
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 2.85. The debt to equity ratio resting at -0.4. The interest coverage ratio of the stock is -11.93.
Currently, EBITDA for the company is -11.97 million with net debt to EBITDA at -0.26. When we switch over and look at the enterprise to sales, we see a ratio of 38.71. The receivables turnover for the company is 5.42for trailing twelve months and the total asset turnover is 1.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.01.
Conclusion
To sum up, OneMedNet Corp (ONMD) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
