KindlyMD (NASDAQ:NAKA) Shares Gap Down – Here’s What Happened
by Scott Moore · The Cerbat GemKindlyMD, Inc. (NASDAQ:NAKA – Get Free Report) gapped down prior to trading 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 equities research analysts recently commented on the company. Maxim Group reduced their price objective on KindlyMD from $1.50 to $0.75 and set a “buy” rating for the company in a report on Monday, April 6th. Weiss Ratings upgraded KindlyMD from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. TD Cowen initiated coverage on KindlyMD in a research note on Friday, April 10th. They set a “buy” rating and a $1.00 price target for the company. Finally, B. Riley Financial cut their price target on KindlyMD from $1.00 to $0.50 and set a “buy” rating for the company in a research note on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $0.75.
View Our Latest Analysis on NAKA
KindlyMD Trading Down 11.1%
The stock has a 50 day simple moving average of $0.22 and a 200-day simple moving average of $0.35. The firm has a market capitalization of $4.10 billion, a P/E ratio of -5.45 and a beta of 17.12.
Institutional Investors Weigh In On KindlyMD
A number of large investors have recently made changes to their positions in NAKA. Van ECK Associates Corp purchased a new position in shares of KindlyMD during the 3rd quarter valued at about $111,339,000. Vanguard Group Inc. lifted its position in shares of KindlyMD by 32,737.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,036,750 shares of the company’s stock valued at $150,557,000 after buying an additional 6,018,366 shares in the last quarter. Yorkville Advisors Global LP purchased a new position in shares of KindlyMD during the 3rd quarter valued at about $231,942,000. Correct Capital Wealth Management purchased a new position in shares of KindlyMD during the 3rd quarter valued at about $111,339,000. Finally, RK Capital Management LLC FL purchased a new position in shares of KindlyMD during the 3rd quarter valued at about $239,052,000.
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.