OneMedNet (NASDAQ:ONMD) Trading Down 3.9% – Should You Sell?

Shares of OneMedNet Corporation (NASDAQ:ONMD) were down 3.9% on Thursday . The stock traded as low as $0.7375 and last traded at $0.79. Approximately 320,701 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 319,284 shares. The stock had previously closed at $0.8220.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of OneMedNet in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

OneMedNet Price Performance

The company has a 50-day moving average price of $1.19 and a 200 day moving average price of $1.25. The firm has a market capitalization of $37.24 million, a PE ratio of -14.60 and a beta of 1.13.

OneMedNet (NASDAQ:ONMD) last released its earnings results on Friday, November 14th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $0.18 million for the quarter.

Insider Transactions at OneMedNet

In other OneMedNet news, CEO Aaron Green sold 61,555 shares of the stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $1.20, for a total transaction of $73,866.00. Following the completion of the transaction, the chief executive officer owned 1,804,103 shares in the company, valued at $2,164,923.60. This trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 46.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ONMD. Ashton Thomas Private Wealth LLC purchased a new stake in shares of OneMedNet during the third quarter worth about $25,000. Exencial Wealth Advisors LLC boosted its holdings in OneMedNet by 3.1% in the second quarter. Exencial Wealth Advisors LLC now owns 1,491,862 shares of the company’s stock valued at $851,000 after purchasing an additional 45,448 shares during the last quarter. Finally, Correct Capital Wealth Management acquired a new stake in OneMedNet during the 3rd quarter worth about $4,910,000. 0.95% of the stock is currently owned by hedge funds and other institutional investors.

OneMedNet Company Profile

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.