During the last session, Ondas Holdings Inc (NASDAQ:ONDS)’s traded shares were 1.04 million. At the end of the trading day, the stock’s price was $0.81, reflecting an intraday gain of 14.11% or $0.1. The 52-week high for the ONDS share is $1.99, that puts it down -145.68 from that peak though still a striking 33.33% gain since the share price plummeted to a 52-week low of $0.54. The company’s market capitalization is $62.71M, and the average intraday trading volume over the past 10 days was 0.33 million shares, and the average trade volume was 329.02K shares over the past three months.
Ondas Holdings Inc (ONDS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. ONDS has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.09.
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Ondas Holdings Inc (NASDAQ:ONDS) trade information
Ondas Holdings Inc (ONDS) registered a 14.11% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 14.11% in intraday trading to $0.81, hitting a weekly high. The stock’s 5-day price performance is 9.66%, and it has moved by -5.17% in 30 days. Based on these gigs, the overall price performance for the year is -28.20%. The short interest in Ondas Holdings Inc (NASDAQ:ONDS) is 2.25 million shares and it means that shorts have 5.55 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.5, which implies an increase of 46.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $1.5 respectively. As a result, ONDS is trading at a discount of -85.19% off the target high and -85.19% off the low.
Ondas Holdings Inc (ONDS) estimates and forecasts
Statistics show that Ondas Holdings Inc has outperformed its competitors in share price, compared to the industry in which it operates. Ondas Holdings Inc (ONDS) shares have gone up 12.68% during the last six months, with a year-to-date growth rate more than the industry average at 39.77% against 16.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 46.81% this quarter and then jump 58.28% in the quarter after that. In the rating firms’ projections, revenue will decrease -43.91% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 5.75M as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 5.61M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 4.96M and 625.01k respectively. In this case, analysts expect current quarter sales to grow by 15.97% and then jump by 797.32% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -228.44%. While earnings are projected to return 40.63% in 2024.
ONDS Dividends
Ondas Holdings Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Ondas Holdings Inc (NASDAQ:ONDS)’s Major holders
Ondas Holdings Inc insiders own 15.51% of total outstanding shares while institutional holders control 15.07%, with the float percentage being 17.83%. VANGUARD GROUP INC is the largest shareholder of the company, while 45.0 institutions own stock in it. As of 2024-06-30, the company held over 2.09 million shares (or 3.3085% of all shares), a total value of $1.21 million in shares.
The next largest institutional holding, with 0.78 million shares, is of BLEICHROEDER LP’s that is approximately 1.2295% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.45 million.
