KindlyMD Sees Unusually Large Options Volume (NASDAQ:NAKA)

Key Points

• KindlyMD saw an 18% increase in call options trading activity, with 33,499 options traded on a recent Friday.
• Maxim Group initiated coverage with a "buy" rating and a price target of $8.00 for KindlyMD stock, which currently has a consensus rating of "Buy."
• The company's stock performance showed volatility, trading at $3.07 recently, down from a 12-month high of $34.77, with a reported negative EPS of ($0.34) for the last quarter.

KindlyMD, Inc. (NASDAQ:NAKA - Get Free Report) was the target of unusually large options trading activity on Friday. Stock investors bought 33,499 call options on the company. This represents an increase of 18% compared to the typical daily volume of 28,364 call options.

Analyst Upgrades and Downgrades

Separately, Maxim Group started coverage on shares of KindlyMD in a research note on Wednesday, September 3rd. They issued a "buy" rating and a $8.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, KindlyMD currently has an average rating of "Buy" and a consensus target price of $8.00.

KindlyMD Stock Performance

Shares of NASDAQ NAKA traded down $0.01 during midday trading on Wednesday, reaching $1.50. 31,321,217 shares of the company's stock traded hands, compared to its average volume of 4,360,491. The stock's 50 day moving average is $8.71. KindlyMD has a one year low of $0.65 and a one year high of $34.77. The stock has a market cap of $562.30 million, a P/E ratio of -1.74 and a beta of 33.96.

KindlyMD (NASDAQ:NAKA - Get Free Report) last posted its earnings results 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 for the quarter.

About KindlyMD

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.