KindlyMD (NASDAQ:NAKA) Shares Gap Down – Here’s Why

Shares of KindlyMD, Inc. (NASDAQ:NAKA) gapped down before the market opened on Friday . The stock had previously closed at $6.6240, but opened at $5.96. KindlyMD shares last traded at $6.65, with a volume of 99,640 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Maxim Group lowered their price objective on KindlyMD from $1.50 to $0.75 and set a “buy” rating on the stock in a research report on Monday, April 6th. Wall Street Zen upgraded KindlyMD to a “sell” rating in a research report on Saturday. B. Riley Financial lowered their price objective on KindlyMD from $1.00 to $0.50 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings raised KindlyMD from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Finally, TD Cowen began coverage on KindlyMD in a report on Friday, April 10th. They set a “buy” rating and a $1.00 target price on the stock. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, KindlyMD presently has an average rating of “Hold” and a consensus target price of $0.75.

KindlyMD Stock Performance

The company has a market capitalization of $125.80 million, a price-to-earnings ratio of -0.17 and a beta of 17.12. The firm has a fifty day moving average price of $0.36 and a 200-day moving average price of $0.40.

KindlyMD (NASDAQ:NAKA) last released its earnings results on Wednesday, May 13th. The company reported ($0.38) earnings per share (EPS) for the quarter. The company had revenue of $2.68 million for the quarter. KindlyMD had a negative return on equity of 81.32% and a negative net margin of 7,397.12%. On average, sell-side analysts forecast that KindlyMD, Inc. will post -16.8 EPS for the current fiscal year.

Institutional Trading of KindlyMD

Several large investors have recently modified their holdings of the stock. Sagespring Wealth Partners LLC acquired a new stake in KindlyMD in the fourth quarter valued at about $28,000. SG Americas Securities LLC acquired a new stake in KindlyMD in the fourth quarter valued at about $61,000. Virtu Financial LLC acquired a new stake in KindlyMD in the fourth quarter valued at about $151,000. J. Derek Lewis & Associates Inc. acquired a new stake in KindlyMD in the fourth quarter valued at about $167,000. Finally, Truist Financial Corp acquired a new stake in KindlyMD in the fourth quarter valued at about $176,000.

KindlyMD Company Profile

Kindly MD, Inc (“KindlyMD” or “Kindly”) is a Utah company formed in 2019. KindlyMD is a healthcare data company, focused on holistic pain management and reducing the impact of the opioid epidemic. KindlyMD offers direct health care to patients integrating prescription medicine and behavioral health services to reduce opioid use in the chronic pain patient population. Kindly believes these methods will help prevent and reduce addiction and dependency on opiates. Our specialty outpatient clinical services are offered on a fee-for-service basis.