Onemednet Corp Stock Today

ONMD Stock   0.84  0.01  1.18%   

Performance

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Odds Of Distress

Less than 45

 
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OneMedNet Corp is trading at 0.84 as of the 22nd of November 2024, a 1.18% down since the beginning of the trading day. The stock's lowest day price was 0.81. OneMedNet Corp has 45 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for OneMedNet Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of October 2024 and ending today, the 22nd of November 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
8th of November 2023
Category
Healthcare
Classification
Health Care
Vertical Health Solutions, Inc. engages in developing and commercializing Magnetic Resonance Imaging quality assurance software technologies to hospitals and imaging centers in the United States. The company has 28.18 M outstanding shares of which 179.12 K shares are now shorted by private and institutional investors with about 1.99 trading days to cover. More on OneMedNet Corp

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OneMedNet Stock Highlights

President CEOAaron Green
Business ConcentrationHealth Care Technology, Health Care Equipment & Services, Health Care, NASDAQ Composite, Health Care, Health Care Technology, Health Information Services, Healthcare (View all Sectors)
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.872.2063
Fairly Down
Slightly volatile
Net Debt5.9 M5.1 M
Fairly Up
Slightly volatile
Total Current LiabilitiesM12.8 M
Way Down
Slightly volatile
Non Current Liabilities Total465.1 K489.6 K
Notably Down
Slightly volatile
Total Assets838.2 K463.1 K
Way Up
Slightly volatile
Total Current Assets346 K364.2 K
Notably Down
Slightly volatile
OneMedNet Corp can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand OneMedNet Corp's financial leverage. It provides some insight into what part of OneMedNet Corp's total assets is financed by creditors.
Liquidity
OneMedNet Corp currently holds 5.1 M in liabilities with Debt to Equity (D/E) ratio of 1.11, which is about average as compared to similar companies. OneMedNet Corp has a current ratio of 0.03, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about OneMedNet Corp's use of debt, we should always consider it together with its cash and equity.

Free Cash Flow

8.59 Million
OneMedNet Corp (ONMD) is traded on NASDAQ Exchange in USA. It is located in 6385 Old Shady Oak Road, Eden Prairie, MN, United States, 55344 and employs 20 people. OneMedNet Corp is listed under Health Care Technology category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 23.67 M. OneMedNet Corp conducts business under Health Care Technology sector and is part of Health Care industry. The entity has 28.18 M outstanding shares of which 179.12 K shares are now shorted by private and institutional investors with about 1.99 trading days to cover. OneMedNet Corp currently holds about 4.12 K in cash with 8.22 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01.
Check OneMedNet Corp Probability Of Bankruptcy
Ownership Allocation
OneMedNet Corp owns a total of 28.18 Million outstanding shares. OneMedNet Corp has significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check OneMedNet Ownership Details

OneMedNet Corp Historical Income Statement

At present, OneMedNet Corp's Cost Of Revenue is projected to increase significantly based on the last few years of reporting. View More Fundamentals

OneMedNet Stock Against Markets

OneMedNet Corp Corporate Executives

Elected by the shareholders, the OneMedNet Corp's board of directors comprises two types of representatives: OneMedNet Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OneMedNet. The board's role is to monitor OneMedNet Corp's management team and ensure that shareholders' interests are well served. OneMedNet Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, OneMedNet Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
When determining whether OneMedNet Corp is a strong investment it is important to analyze OneMedNet Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact OneMedNet Corp's future performance. For an informed investment choice regarding OneMedNet Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OneMedNet Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For information on how to trade OneMedNet Stock refer to our How to Trade OneMedNet Stock guide.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Is Health Care Technology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of OneMedNet Corp. If investors know OneMedNet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about OneMedNet Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.98)
Revenue Per Share
0.043
Quarterly Revenue Growth
0.292
Return On Assets
(0.34)
The market value of OneMedNet Corp is measured differently than its book value, which is the value of OneMedNet that is recorded on the company's balance sheet. Investors also form their own opinion of OneMedNet Corp's value that differs from its market value or its book value, called intrinsic value, which is OneMedNet Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because OneMedNet Corp's market value can be influenced by many factors that don't directly affect OneMedNet Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between OneMedNet Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if OneMedNet Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OneMedNet Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.