OneMedNet (NASDAQ:ONMD) Trading Up 3.5% – Still a Buy?

OneMedNet Co. (NASDAQ:ONMD)’s share price traded up 3.5% during trading on Tuesday . The company traded as high as $0.72 and last traded at $0.68. 73,461 shares traded hands during trading, a decline of 98% from the average session volume of 3,179,115 shares. The stock had previously closed at $0.66.

OneMedNet Trading Up 3.5 %

The company’s 50 day moving average price is $0.86 and its 200 day moving average price is $0.96. The company has a market cap of $16.31 million, a price-to-earnings ratio of -3.60 and a beta of 0.69.

Institutional Investors Weigh In On OneMedNet

A hedge fund recently bought a new stake in OneMedNet stock. PNC Financial Services Group Inc. purchased a new stake in OneMedNet Co. (NASDAQ:ONMD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 237,122 shares of the company’s stock, valued at approximately $192,000. PNC Financial Services Group Inc. owned 0.74% of OneMedNet at the end of the most recent reporting period. 0.95% of the stock is owned by hedge funds and other institutional investors.

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.