In the last trading session, 3.85 million shares of the Ondas Holdings Inc (NASDAQ:ONDS) were traded. Most recently the company’s share price was $2.07, and it changed around -$0.13 or -5.91% from the last close, which brings the market valuation of the company to $198.51M. ONDS currently trades at a discount to its 52-week high of $3.40, offering almost -64.25% off that amount. The share price’s 52-week low was $0.54, which indicates that the current value has risen by an impressive 73.91% since then. We note from Ondas Holdings Inc’s average daily trading volume that its 10-day average is 11.35 million shares, with the 3-month average coming to 5.30 million.
Ondas Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended ONDS as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Ondas Holdings Inc is expected to report earnings per share of -0.09 for the current quarter.
Ondas Holdings Inc (NASDAQ:ONDS) trade information
Instantly ONDS has showed a red trend with a performance of -5.91% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.27 on recent trading dayincreased the stock’s daily price by 8.81%. The company’s shares are currently down -19.14% year-to-date, but still down -7.59% over the last five days. On the other hand, Ondas Holdings Inc (NASDAQ:ONDS) is 24.70% up in the 30-day period. We can see from the shorts that 6.12 million shares have been sold at a short interest cover period of 0.72 day(s).
The consensus price target as assigned by Wall Street analysts is $1.5, which translates to bulls needing to decrease their stock price by -38.0% from its current value. Analyst projections state that ONDS is forecast to be at a low of $1.5 and a high of $1.5.
Ondas Holdings Inc (ONDS) estimates and forecasts
Ondas Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 147.99 percent over the past six months and at a 39.77% annual growth rate that is well above the industry average of 16.50%. The year-over-year growth rate is expected to be -43.91%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 5.75M in revenue for the current quarter. 3 analysts expect Ondas Holdings Inc to make 5.61M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.96M and 625.01k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.97%. Forecasts for the next quarter put sales growth at 797.32%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -228.44%.
ONDS Dividends
Ondas Holdings Inc’s next quarterly earnings report is expected to be released in February.
Ondas Holdings Inc (NASDAQ:ONDS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.13% of Ondas Holdings Inc shares, and 12.61% of them are in the hands of institutional investors. The stock currently has a share float of 14.51%. Ondas Holdings Inc stock is held by 44.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.3085% of the shares, which is about 2.09 million shares worth $1.21 million.
BLEICHROEDER LP, with 1.2295% or 0.78 million shares worth $0.45 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 1.56 shares worth $3.22 million, making up 7.87% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 515.58 shares worth around $1.07 million, which represents about 2.60% of the total shares outstanding.
