Kindly MD (NASDAQ:KDLY) Trading Down 6.8% – What’s Next?

Kindly MD, Inc. (NASDAQ:KDLY)’s share price dropped 6.8% during trading on Friday . The stock traded as low as $0.61 and last traded at $0.6248. Approximately 24,706,033 shares traded hands during trading, an increase of 977% from the average daily volume of 2,293,123 shares. The stock had previously closed at $0.6704.

Kindly MD Stock Performance

The firm has a market cap of $3.76 million and a price-to-earnings ratio of -0.81. The business’s 50-day moving average is $1.42 and its 200-day moving average is $8.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. bought a new position in Kindly MD during the second quarter worth $215,000. Vontobel Holding Ltd. bought a new position in Kindly MD during the 3rd quarter worth $335,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Kindly MD during the third quarter worth $369,000. Cetera Investment Advisers boosted its position in shares of Kindly MD by 206.2% in the first quarter. Cetera Investment Advisers now owns 230,794 shares of the company’s stock valued at $372,000 after acquiring an additional 155,425 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Kindly MD by 76.2% in the second quarter. Geode Capital Management LLC now owns 19,394 shares of the company’s stock valued at $484,000 after acquiring an additional 8,386 shares in the last quarter.

Kindly MD Company Profile

Kindly MD, Inc provides healthcare services. Its services include medication management, behavioral healthcare and alternative treatments. The firm offers evaluation and management, including chronic pain, functional medicine, cognitive behavioral therapy, trauma and addiction therapy, recovery support services, overdose education efforts, peer support, limited urgent care, preventative medicine, travel services, and hormone therapy.