OneMedNet (NASDAQ:ONMD) Shares Down 6.3% – Time to Sell?

Shares of OneMedNet Co. (NASDAQ:ONMD) fell 6.3% during trading on Wednesday . The company traded as low as $1.00 and last traded at $1.04. 147,288 shares were traded during mid-day trading, a decline of 9% from the average session volume of 161,944 shares. The stock had previously closed at $1.11.

OneMedNet Stock Down 6.3 %

The business has a 50 day moving average price of $1.13 and a 200-day moving average price of $0.97.

OneMedNet (NASDAQ:ONMD) last released its earnings results on Tuesday, December 17th. The company reported ($0.08) earnings per share for the quarter.

Institutional Trading of OneMedNet

An institutional investor recently raised its position in OneMedNet stock. XTX Topco Ltd increased its stake in OneMedNet Co. (NASDAQ:ONMD) by 280.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,683 shares of the company’s stock after acquiring an additional 30,723 shares during the quarter. XTX Topco Ltd owned approximately 0.15% of OneMedNet worth $25,000 at the end of the most recent quarter. 0.95% of the stock is currently owned by 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.