KindlyMD Rebrands to Nakamoto, Aligns with Bitcoin Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: seekingalpha
- Corporate Rebranding: KindlyMD has rebranded to Nakamoto to align its corporate identity with its long-term strategy in the Bitcoin ecosystem, continuing healthcare operations through wholly-owned subsidiary Kindly LLC to ensure business continuity.
- Bitcoin Treasury Accumulation: The company has established a Bitcoin treasury worth over $500 million, enhancing its scalable operating and treasury platform through strategic investments and treasury asset allocations across multiple international markets.
- Share Repurchase Program: KindlyMD has authorized a share repurchase program, indicating confidence in its intrinsic value and potentially enhancing earnings per share by reducing the number of shares outstanding.
- Financial Performance: KindlyMD reported a GAAP EPS of -$0.42, missing expectations by $0.41, with revenue of $0.39 million slightly below projections, reflecting challenges during its transformation process.
Analyst Views on NAKA
Wall Street analysts forecast NAKA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NAKA is 1.25 USD with a low forecast of 1.00 USD and a high forecast of 1.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.376
Low
1.00
Averages
1.25
High
1.50
Current: 0.376
Low
1.00
Averages
1.25
High
1.50
About NAKA
Kindly MD, Inc. is a Bitcoin-native holding company. The Company focuses on both healthcare and Bitcoin treasury management. It is focused on holistic pain management and reducing the impact of the opioid epidemic. Its specialty outpatient clinical services are reimbursed by Medicare, Medicaid, and commercial insurance contracts, as well as offered on a fee-for-service basis. The Company offers both in-person and telemedicine options for patients. It provides management of pain, functional medicine, cognitive behavioral therapy, addiction, recovery support services, overdose education efforts, peer support, limited urgent care, preventative medicine, medically managed weight loss, and hormone therapy. Its services include mental health, medical cards, medication management, sleep support, pain treatment, and weight loss. It operates the Bitcoin financial services line of business under the Nakamoto brand. Its wholly owned subsidiary is Nakamoto Holdings Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
