OneMedNet (NASDAQ:ONMD) Trading 3.5% Higher – Time to Buy?

OneMedNet Co. (NASDAQ:ONMD) shares traded up 3.5% on Tuesday . The stock 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 Stock Up 3.5 %

The stock’s fifty day simple moving average is $0.86 and its 200-day simple moving average is $0.96. The company has a market capitalization of $16.31 million, a PE ratio of -3.60 and a beta of 0.69.

Hedge Funds Weigh In On OneMedNet

A hedge fund recently bought a new stake in OneMedNet stock. PNC Financial Services Group Inc. bought a new stake in OneMedNet Co. (NASDAQ:ONMD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 237,122 shares of the company’s stock, valued at approximately $192,000. PNC Financial Services Group Inc. owned about 0.74% of OneMedNet as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 0.95% of the company’s stock.

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.