Kindly MD (NASDAQ:KDLY) Stock Price Down 3.9% – Here’s Why

Kindly MD, Inc. (NASDAQ:KDLY) shares dropped 3.9% during trading on Wednesday . The company traded as low as $0.3506 and last traded at $0.3590. Approximately 12,034,592 shares changed hands during trading, an increase of 425% from the average daily volume of 2,293,123 shares. The stock had previously closed at $0.3736.

Kindly MD Stock Down 2.2%

The firm has a market capitalization of $2.11 million and a P/E ratio of -0.46. The business’s 50 day moving average is $0.57 and its two-hundred day moving average is $5.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KDLY. Osaic Holdings Inc. bought a new stake in Kindly MD during the second quarter worth approximately $215,000. Vontobel Holding Ltd. bought a new position in Kindly MD during the 3rd quarter valued at $335,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Kindly MD during the 3rd quarter valued at $369,000. Geode Capital Management LLC raised its stake in shares of Kindly MD by 76.2% in the 2nd quarter. Geode Capital Management LLC now owns 19,394 shares of the company’s stock worth $484,000 after buying an additional 8,386 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Kindly MD by 1,638.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 33,152 shares of the company’s stock worth $827,000 after buying an additional 31,245 shares in the last quarter.

Kindly MD Company Profile

Kindly MD, Inc (NASDAQ: KDLY) is a U.S.-based healthcare technology company specializing in teledermatology services. The company operates an online platform that enables patients to receive remote consultations for a wide range of skin conditions, including acne, eczema, psoriasis, and rashes. Through a secure, asynchronous workflow, users submit photos and medical histories, and board-certified dermatologists review and diagnose cases, providing treatment plans and, when appropriate, electronic prescriptions.

In addition to its core direct-to-consumer offering, Kindly MD provides white-label teledermatology solutions for employer groups, health plans, telemedicine providers and retail pharmacy chains.