OneMedNet (ONMD) valuation post-Medcase partnership: A look at the price-to-book ratio

OneMedNet (ONMD) has surged 199% in the past month and 341% in 90 days following a strategic partnership with Medcase. The company's price-to-book ratio is -31.2x, a rare and concerning indicator of negative equity. While the partnership offers recurring revenue potential, investors should be cautious of the company's financial headwinds and the sustainability of recent stock gains.