Contrasting OneMedNet (NASDAQ:ONMD) and Elastic (NYSE:ESTC)

Elastic (NYSE:ESTC) and OneMedNet (NASDAQ:ONMD) are both computer and technology companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, earnings, institutional ownership, profitability, risk, dividends and analyst recommendations.

Volatility & Risk

Elastic has a beta of 0.97, suggesting that its share price is 3% less volatile than the S&P 500. Comparatively, OneMedNet has a beta of 1.1, suggesting that its share price is 10% more volatile than the S&P 500.

Insider and Institutional Ownership

97.0% of Elastic shares are held by institutional investors. Comparatively, 0.9% of OneMedNet shares are held by institutional investors. 12.7% of Elastic shares are held by insiders. Comparatively, 46.2% of OneMedNet shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Analyst Recommendations

This is a summary of current ratings and recommmendations for Elastic and OneMedNet, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Elastic	1	11	17	0	2.55
OneMedNet	1	0	0	0	1.00

Elastic currently has a consensus target price of $107.25, suggesting a potential upside of 45.53%. Given Elastic’s stronger consensus rating and higher possible upside, equities analysts clearly believe Elastic is more favorable than OneMedNet.

Valuation and Earnings

This table compares Elastic and OneMedNet”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Elastic	$1.48 billion	5.24	-$108.11 million	($1.03)	-71.55
OneMedNet	$494,000.00	189.98	-$10.13 million	($0.05)	-36.80

OneMedNet has lower revenue, but higher earnings than Elastic. Elastic is trading at a lower price-to-earnings ratio than OneMedNet, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Elastic and OneMedNet’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Elastic	-6.79%	-2.02%	-0.74%
OneMedNet	-411.11%	N/A	-262.52%

About Elastic

Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data. The company's Elastic Stack product portfolio comprises Elasticsearch, a distributed, real-time search and analytics engine, and data store for various types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the Elastic Stack; Elastic Agent that offers integrated host protection and central management services; Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash; and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems from a multitude of sources simultaneously. It also provides software solutions on the Elastic Stack that address cases, including search applications, workplace search, logs, metrics, application performance monitoring, synthetic monitoring, security information and event management (SIEM), endpoint security, extended detection and response, and cloud security. The company was incorporated in 2012 and is based in Amsterdam, the Netherlands.

About OneMedNet

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences. OneMedNet Corporation is based in Eden Prairie, Minnesota.