Ondas Holdings Inc (ONDS): Why Is The Stock Strong?

Ondas Holdings Inc (NASDAQ:ONDS) has seen 0.99 million shares traded in the recent trading session. The company, currently valued at $73.76M, closed the recent trade at $0.71 per share which meant it lost -$0.1 on the day or -11.79% during that session. The ONDS stock price is -378.87% off its 52-week high price of $3.40 and 23.94% above the 52-week low of $0.54.

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.

Ondas Holdings Inc (NASDAQ:ONDS) trade information

Sporting -11.79% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ONDS stock price touched $0.71 or saw a rise of 24.16%. Year-to-date, Ondas Holdings Inc shares have moved -72.14%, while the 5-day performance has seen it change -16.32%. Over the past 30 days, the shares of Ondas Holdings Inc (NASDAQ:ONDS) have changed -59.48%.

Wall Street analysts have a consensus price target for the stock at $1.5, which means that the shares’ value could jump 52.67% from the levels at last check today. 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 latest price level in today’s session is -111.27% off the targeted high while a plunge would see the stock gain -111.27% from the levels at last check today.

Ondas Holdings Inc (ONDS) estimates and forecasts

The company’s shares have lost -10.42% over the past 6 months. 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. Earnings growth for 2025 is a modest 40.63% while over the next 5 years, the company’s earnings are expected to increase by 50.51%.

ONDS Dividends

Ondas Holdings Inc is expected to release its next earnings report in April 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

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 1.1676% 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 Dec 31, 2024, the former fund manager holds about 7.87% shares in the company for having 1.56 shares of worth $1.11 million while later fund manager owns 515.58 shares of worth $0.37 million as of Dec 31, 2024, which makes it owner of about 2.60% of company’s outstanding stock.