Ondas Holdings Inc (NASDAQ:ONDS)’s traded shares stood at 8.46 million during the last session. At the close of trading, the stock’s price was $2.02, to imply an increase of 3.59% or $0.07 in intraday trading. The ONDS share’s 52-week high remains $1.99, putting it 1.49% up since that peak but still an impressive 73.27% since price per share fell to its 52-week low of $0.54. The company has a valuation of $178.81M, with an average of 8.61 million shares in intraday trading volume over the past 10 days and average of 2.35 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Ondas Holdings Inc (ONDS), translating to a mean rating of 1.50. Of 1 analyst(s) looking at the stock, 0 analyst(s) give ONDS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.09.
Ondas Holdings Inc (NASDAQ:ONDS) trade information
After registering a 3.59% upside in the last session, Ondas Holdings Inc (ONDS) has traded red over the past five days. The 5-day price performance for the stock is 19.76%, and 125.48% over 30 days. With these gigs, the year-to-date price performance is 30.72%. Short interest in Ondas Holdings Inc (NASDAQ:ONDS) saw shorts transact 1.89 million shares and set a 1.56 days time to cover.
The extremes give us $1.5 and $1.5 for target low and target high price respectively. As such, ONDS has been trading 25.74% off suggested target high and 25.74% from its likely low.
Ondas Holdings Inc (ONDS) estimates and forecasts
Looking at statistics comparing Ondas Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. Ondas Holdings Inc (ONDS) shares are 224.68% up over the last 6 months, with its year-to-date growth rate higher than industry average at 39.77% against 16.50%. The rating firms project that company’s revenue will shrink -43.91% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 5.75M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 5.61M.Earnings reports from the last fiscal year show that sales brought in 4.96M and 625.01k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 15.97% before jumping 797.32% in the following quarter.
ONDS Dividends
Ondas Holdings Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Ondas Holdings Inc (NASDAQ:ONDS)’s Major holders
Ondas Holdings Inc insiders hold 14.03% of total outstanding shares, with institutional holders owning 13.63% of the shares at 15.85% float percentage. In total, 13.63% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 2.09 million shares (or 3.3085% of shares), all amounting to roughly $1.21 million.
The next major institution holding the largest number of shares is BLEICHROEDER LP with 0.78 million shares, or about 1.2295% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.45 million.
