In the last trading session, 1.54 million Ondas Holdings Inc (NASDAQ:ONDS) shares changed hands as the company’s beta touched 0. With the company’s per share price at $0.91 changed hands at $0.12 or 15.78% during last session, the market valuation stood at $53.00M. ONDS’s last price was a discount, traded about -232.97% off its 52-week high of $3.03. The share price had its 52-week low at $0.31, which suggests the last value was 65.93% up since then. When we look at Ondas Holdings Inc’s average trading volume, we note the 10-day average is 0.64 million shares, with the 3-month average coming to 444.74K.
Analysts gave the Ondas Holdings Inc (ONDS) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ONDS as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Ondas Holdings Inc’s EPS for the current quarter is expected to be -$0.16.
Ondas Holdings Inc (NASDAQ:ONDS) trade information
Instantly ONDS was in green as seen at the end of in last trading. With action 50.36%, the performance over the past five days has been green. The jump to weekly highs of 0.9500 on Friday, 11/17/23 added 15.78% to the stock’s daily price. The company’s shares are showing year-to-date downside of -42.84%, with the 5-day performance at 50.36% in the green. However, in the 30-day time frame, Ondas Holdings Inc (NASDAQ:ONDS) is 115.58% up. Looking at the short shares, we see there were 4.5 million shares sold at short interest cover period of 8.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.00, meaning bulls need an upside of 54.5% from its current market value. According to analyst projections, ONDS’s forecast low is $2.00 with $2.00 as the target high. To hit the forecast high, the stock’s price needs a -119.78% plunge from its current level, while the stock would need to soar -119.78% for it to hit the projected low.
Ondas Holdings Inc (ONDS) estimates and forecasts
Data shows that the Ondas Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -0.99% over the past 6 months, a 38.58% in annual growth rate that is considerably higher than the industry average of 35.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Ondas Holdings Inc will rise 63.60%, while the growth in revenue is estimated to hit 60.00% for the next quarter. Year-over-year growth is forecast to reach 603.20% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $4.14 million. 2 analysts are of the opinion that Ondas Holdings Inc’s revenue for the quarter ending Mar 2024 will be $6.54 million. The company’s revenue for the corresponding quarters a year ago was $479k and $2.6 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 764.30%. The estimates for the next quarter sales put growth at 152.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -295.13%. The 2023 estimates are for Ondas Holdings Inc earnings to increase by 57.42%.
Ondas Holdings Inc is expected to release its next quarterly earnings report on November 14.