In the last trading session, 9.8 million Ondas Holdings Inc (NASDAQ:ONDS) shares changed hands as the company’s beta touched 0. With the company’s per share price at $1.95 changed hands at $0.48 or 32.65% during last session, the market valuation stood at $180.10M. ONDS’s last price was a discount, traded about -2.05% off its 52-week high of $1.99. The share price had its 52-week low at $0.54, which suggests the last value was 72.31% up since then. When we look at Ondas Holdings Inc’s average trading volume, we note the 10-day average is 7.23 million shares, with the 3-month average coming to 2.20 million.
Analysts gave the Ondas Holdings Inc (ONDS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ONDS as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Ondas Holdings Inc (NASDAQ:ONDS) trade information
Instantly ONDS was in green as seen at the end of in last trading. With action 17.47%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 27.45%, with the 5-day performance at 17.47% in the green. However, in the 30-day time frame, Ondas Holdings Inc (NASDAQ:ONDS) is 140.35% up. Looking at the short shares, we see there were 1.89 million shares sold at short interest cover period of 1.56 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.5, meaning bulls need a downside of -30.0% from its current market value. According to analyst projections, ONDS’s forecast low is 1.5 with 1.5 as the target high. To hit the forecast high, the stock’s price needs a 23.08% surge from its current level, while the stock would need to tank 23.08% 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 230.17% over the past 6 months, a 39.77% in annual growth rate that is considerably higher than the industry average of 16.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -228.44%. The 2024 estimates are for Ondas Holdings Inc earnings to increase by 40.63%.
ONDS Dividends
Ondas Holdings Inc is expected to release its next quarterly earnings report in January.
Ondas Holdings Inc (NASDAQ:ONDS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.03% of Ondas Holdings Inc shares while 13.63% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 15.85%. There are 13.63% institutions holding the Ondas Holdings Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 3.3085% of the shares, roughly 2.09 million ONDS shares worth $1.21 million.
BLEICHROEDER LP holds the second largest percentage of outstanding shares, with 1.2295% or 0.78 million shares worth $0.45 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . With 1.56 shares estimated at $3.04 million under it, the former controlled 7.87% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 2.60% of the shares, roughly 515.58 shares worth around $1.01 million.
