Ondas Holdings Inc (NASDAQ:ONDS) At $1.35: Does It Look Expensive?

In recent trading session, Ondas Holdings Inc (NASDAQ:ONDS) saw 3.07 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $1.35 trading at $0.06 or 4.61% at last check today assigns it a market valuation of $111.13M. That most recent trading price of ONDS’s stock is at a discount of -47.41% from its 52-week high price of $1.99 and is indicating a premium of 60.0% from its 52-week low price of $0.54. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.6 million shares which gives us an average trading volume of 2.03 million if we extend that period to 3-months.

For Ondas Holdings Inc (ONDS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.09 in the current quarter.

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Ondas Holdings Inc (NASDAQ:ONDS) trade information

Upright in the green today for gaining 4.61%, in the last five days ONDS remained trading in the green while hitting it’s week-highest on Tuesday, 12/17/24 when the stock touched $1.35 price level, adding 28.0% to its value on the day. Ondas Holdings Inc’s shares saw a change of -11.80% in year-to-date performance and have moved 32.30% in past 5-day. Ondas Holdings Inc (NASDAQ:ONDS) showed a performance of 101.12% in past 30-days. Number of shares sold short was 1.89 million shares which calculate 1.56 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 1.5 to the stock, which implies a rise of 10.0% to its recent value today. Analysts have been projecting 1.5 as a low price target for the stock while placing it at a high target of 1.5. It follows that stock’s current price would drop -11.11% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.11% for stock’s current value.

Ondas Holdings Inc (ONDS) estimates and forecasts

Statistics highlight that Ondas Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 95.55% of value to its shares in past 6 months, showing an annual growth rate of 39.77% while that of industry is 16.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -43.91% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5.75M for the same. And 3 analysts are in estimates of company making revenue of 5.61M in the next quarter. Company posted 4.96M and 625.01k of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -228.44% during past 5 years.

Ondas Holdings Inc (NASDAQ:ONDS)’s Major holders

Insiders are in possession of 14.56% of company’s total shares while institution are holding 14.14 percent of that, with stock having share float percentage of 16.55%. Investors also watch the number of corporate investors in a company very closely, which is 14.14% institutions for Ondas Holdings Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at ONDS for having 2.09 million shares of worth $1.21 million. And as of 2024-06-30, it was holding 3.3085 of the company’s outstanding shares.

The second largest institutional holder is BLEICHROEDER LP, which was holding about 0.78 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.2295 of outstanding shares, having a total worth of $0.45 million.