Ondas Holdings Inc (NASDAQ: ONDS)’s stock price has soared by 28.84 in relation to previous closing price of 0.97. Nevertheless, the company has seen a gain of 28.71% in its stock price over the last five trading days. Accesswire reported 2024-03-13 that MARLBOROUGH, MA / ACCESSWIRE / March 13, 2024 / Ondas Holdings Inc. (NASDAQ:ONDS) (“Ondas” or the “Company”), a leading provider of private industrial wireless networks and commercial drone and automated data solutions, will hold a conference call on Monday, April 1, 2024, at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2023.
Is It Worth Investing in Ondas Holdings Inc (NASDAQ: ONDS) Right Now?
Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ONDS is 53.67M, and currently, short sellers hold a 4.00% ratio of that float. The average trading volume of ONDS on April 02, 2024 was 291.45K shares.
ONDS’s Market Performance
ONDS stock saw a decrease of 28.71% in the past week, with a monthly decline of -1.57% and a quarterly a decrease of -16.67%. The volatility ratio for the week is 12.53%, and the volatility levels for the last 30 days are 9.56% for Ondas Holdings Inc (ONDS). The simple moving average for the past 20 days is 17.21% for ONDS’s stock, with a 15.55% simple moving average for the past 200 days.
Analysts’ Opinion of ONDS
Many brokerage firms have already submitted their reports for ONDS stocks, with Ladenburg Thalmann repeating the rating for ONDS by listing it as a “Buy.” The predicted price for ONDS in the upcoming period, according to Ladenburg Thalmann is $3.50 based on the research report published on December 11, 2023 of the previous year 2023.
Northland Capital, on the other hand, stated in their research note that they expect to see ONDS reach a price target of $22. The rating they have provided for ONDS stocks is “Outperform” according to the report published on February 16th, 2021.
Oppenheimer gave a rating of “Outperform” to ONDS, setting the target price at $10 in the report published on December 23rd of the previous year.
ONDS Trading at 1.07% from the 50-Day Moving Average
After a stumble in the market that brought ONDS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.59% of loss for the given period.
Volatility was left at 9.56%, however, over the last 30 days, the volatility rate increased by 12.53%, as shares sank -1.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.40% upper at present.
During the last 5 trading sessions, ONDS rose by +28.71%, which changed the moving average for the period of 200-days by +14.68% in comparison to the 20-day moving average, which settled at $1.0654. In addition, Ondas Holdings Inc saw -18.30% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ONDS starting from Popolo Joseph V, who purchase 1,785,714 shares at the price of $1.12 back on Feb 26 ’24. After this action, Popolo Joseph V now owns 3,183,244 shares of Ondas Holdings Inc, valued at $2,000,000 using the latest closing price.
Popolo Joseph V, the 10% Owner of Ondas Holdings Inc, purchase 85,646 shares at $1.19 during a trade that took place back on Nov 22 ’23, which means that Popolo Joseph V is holding 1,284,245 shares at $101,944 based on the most recent closing price.
Stock Fundamentals for ONDS
Current profitability levels for the company are sitting at:
- -3.76 for the present operating margin
- 0.44 for the gross margin
The net margin for Ondas Holdings Inc stands at -8.68. The total capital return value is set at -0.75. Equity return is now at value -99.24, with -67.73 for asset returns.
Based on Ondas Holdings Inc (ONDS), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -4.15. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is -6.06.
Currently, EBITDA for the company is -30.42 million with net debt to EBITDA at 0.1. When we switch over and look at the enterprise to sales, we see a ratio of 6.83. The receivables turnover for the company is 3.27for trailing twelve months and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
To put it simply, Ondas Holdings Inc (ONDS) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
