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KindlyMD (NASDAQ:NAKA) Shares Gap Down - Here's What Happened

KindlyMD logo with Medical background

Key Points

  • KindlyMD's shares gapped down significantly before the market opened, dropping from $5.93 to $5.77, and last traded at $5.34, marking a decline of 16.9%.
  • The company reported a negative EPS of ($0.34) in its latest quarterly earnings, alongside a staggering negative net margin of 244.00% and return on equity of 131.09%.
  • Founded in 2019, KindlyMD focuses on holistic pain management and aims to reduce opioid use by integrating prescription medicine and behavioral health services for chronic pain patients.
  • Want stock alerts on KindlyMD? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of KindlyMD, Inc. (NASDAQ:NAKA - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $5.93, but opened at $5.77. KindlyMD shares last traded at $5.34, with a volume of 179,635 shares traded.

KindlyMD Trading Down 16.9%

The stock has a market capitalization of $1.85 billion, a P/E ratio of -5.73 and a beta of 34.35. The company's 50-day moving average is $11.23.

KindlyMD (NASDAQ:NAKA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.34) EPS for the quarter. KindlyMD had a negative net margin of 244.00% and a negative return on equity of 131.09%. The firm had revenue of $0.41 million during the quarter.

About KindlyMD

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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