OneMedNet (NASDAQ:ONMD) Posts Quarterly Earnings Results

OneMedNet (NASDAQ:ONMD) announced its earnings results on Monday. The company reported ($0.06) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.89 million during the quarter.

OneMedNet Price Performance

ONMD traded down $0.09 on Monday, reaching $0.79. 344,085 shares of the company’s stock were exchanged, compared to its average volume of 4,132,229. OneMedNet has a twelve month low of $0.30 and a twelve month high of $4.22. The stock has a market cap of $40.50 million, a PE ratio of -15.88 and a beta of 1.08. The stock’s fifty day moving average price is $0.77 and its 200-day moving average price is $1.28.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of OneMedNet in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, OneMedNet has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in OneMedNet in the third quarter valued at $25,000. HRT Financial LP acquired a new stake in OneMedNet in the 4th quarter valued at about $32,000. Virtu Financial LLC purchased a new stake in shares of OneMedNet during the 4th quarter worth $48,000. Jane Street Group LLC purchased a new stake in OneMedNet during the fourth quarter worth approximately $119,000. Finally, State Street Corp lifted its stake in OneMedNet by 41.5% during the fourth quarter. State Street Corp now owns 116,700 shares of the company’s stock worth $128,000 after purchasing an additional 34,200 shares during the last quarter. 0.95% of the stock is currently owned by institutional investors and hedge funds.

About OneMedNet

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences. OneMedNet Corporation is based in Eden Prairie, Minnesota.