OneMedNet Corp. (NASDAQ: ONMD) Recovers 342.86% From 52-Week Low, Is ONMD Still A High-Risk, High-Reward Play?

OneMedNet Corp. (NASDAQ:ONMD) currently has a daily average trading volume of 6.87M but it saw 9341951 shares traded in last market. With a market cap of 44.36M USD, the company’s current market price of $1.86 came rising about 16.25 while comparing to the previous closing price of $1.60. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.51 and as low as $0.42.

Taking a look at 20-day trading activity of OneMedNet Corp. (ONMD) gives us an average price of $1.2528, while its current price level is -86.23% below from 52-week high level whereas it is 342.86% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.9018 while that of 200 days or SMA-200 reads an average of $3.6801. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.69% during that period while stretching the period over a month that increases to 23.12%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.14 which implies that the stock is in neutral territory.

Over the week, ONMD’s stock price is moving -28.74% down while it is 193.56% when we observe its performance for the past one month. Year-to-date it is 129.63% up and over the past year, the stock is showing a downside performance of -82.44%.

Currently, OneMedNet Corp.’s total number of outstanding shares is 23.57M. Company’s return on investment (ROI) stands at -30.66% and return on equity (ROE) at -4.40%. Stock’s beta reads 0.94. Stock has a price to book (P/B) ratio of 1.19. Its return on asset (ROA) is -3.90% on average.