Reviewing OneMedNet (ONMD) and Its Peers

OneMedNet (NASDAQ:ONMD) is one of 93 public companies in the “Healthcare Technology” industry, but how does it weigh in compared to its peers? We will compare OneMedNet to related companies based on the strength of its institutional ownership, risk, earnings, valuation, profitability, dividends and analyst recommendations.

Earnings and Valuation

This table compares OneMedNet and its peers top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
OneMedNet	$1.36 million	-$2.80 million	-2.74
OneMedNet Competitors	$341.86 million	-$24.15 million	13.02

OneMedNet’s peers have higher revenue, but lower earnings than OneMedNet. OneMedNet is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Volatility and Risk

OneMedNet has a beta of 1.25, meaning that its stock price is 25% more volatile than the S&P 500. Comparatively, OneMedNet’s peers have a beta of 1.14, meaning that their average stock price is 14% more volatile than the S&P 500.

Analyst Ratings

This is a summary of current recommendations and price targets for OneMedNet and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
OneMedNet	1	0	0	0	1.00
OneMedNet Competitors	448	1520	2727	88	2.51

As a group, “Healthcare Technology” companies have a potential upside of 38.51%. Given OneMedNet’s peers stronger consensus rating and higher probable upside, analysts plainly believe OneMedNet has less favorable growth aspects than its peers.

Profitability

This table compares OneMedNet and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
OneMedNet	-584.20%	N/A	-521.20%
OneMedNet Competitors	-778.93%	-33.97%	-15.65%

Institutional and Insider Ownership

0.9% of OneMedNet shares are held by institutional investors. Comparatively, 42.3% of shares of all “Healthcare Technology” companies are held by institutional investors. 50.2% of OneMedNet shares are held by company insiders. Comparatively, 16.0% of shares of all “Healthcare Technology” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary

OneMedNet peers beat OneMedNet on 8 of the 13 factors compared.

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. OneMedNet Corporation is based in Eden Prairie, Minnesota.