Ondas Holdings Inc (NASDAQ:ONDS) has seen 8.33 million shares traded in the last trading session. The company, currently valued at $158.24M, closed the last trade at $1.40 per share which meant it gained $0.38 on the day or 37.25% during that session. The ONDS stock price is -42.14% off its 52-week high price of $1.99 and 61.43% above the 52-week low of $0.54. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.51 million shares traded. The 3-month trading volume is 1.34 million shares.
The consensus among analysts is that Ondas Holdings Inc (ONDS) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.09.
Ondas Holdings Inc (NASDAQ:ONDS) trade information
Sporting 37.25% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ONDS stock price touched $1.40 or saw a rise of 2.1%. Year-to-date, Ondas Holdings Inc shares have moved -8.50%, while the 5-day performance has seen it change 74.15%. Over the past 30 days, the shares of Ondas Holdings Inc (NASDAQ:ONDS) have changed 84.84%. Short interest in the company has seen 1.89 million shares shorted with days to cover at 1.56.
Wall Street analysts have a consensus price target for the stock at $1.5, which means that the shares’ value could jump 6.67% from current levels. The projected low price target is $1.5 while the price target rests at a high of $1.5. In that case, then, we find that the current price level is -7.14% off the targeted high while a plunge would see the stock gain -7.14% from current levels.
Ondas Holdings Inc (ONDS) estimates and forecasts
Figures show that Ondas Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 78.05% over the past 6 months, with this year growth rate of 39.77%, compared to 19.90% for the industry. Revenue growth from the last financial year stood is estimated to be -43.91%.
4 analysts offering their estimates for the company have set an average revenue estimate of 5.75M for the current quarter. 3 have an estimated revenue figure of 5.61M for the next ending quarter. Year-ago sales stood 4.96M and 625.01k respectively for this quarter and the next, and analysts expect sales will grow by 15.97% for the current quarter and -43.91% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -228.44% over the past 5 years.
ONDS Dividends
Ondas Holdings Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Ondas Holdings Inc (NASDAQ:ONDS)’s Major holders
Insiders own 14.56% of the company shares, while shares held by institutions stand at 14.14% with a share float percentage of 16.55%. Investors are also buoyed by the number of investors in a company, with Ondas Holdings Inc having a total of 45.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 2.09 million shares worth more than $1.21 million. As of 2024-06-30, VANGUARD GROUP INC held 3.3085% of shares outstanding.
The other major institutional holder is BLEICHROEDER LP, with the holding of over 0.78 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.45 million and represent 1.2295% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 7.87% shares in the company for having 1.56 shares of worth $2.18 million while later fund manager owns 515.58 shares of worth $0.72 million as of Sep 30, 2024 , which makes it owner of about 2.60% of company’s outstanding stock.
