Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ONDS is 53.70M, and at present, short sellers hold a 3.31% of that float. On April 12, 2024, the average trading volume of ONDS was 273.21K shares.
ONDS) stock’s latest price update
Ondas Holdings Inc (NASDAQ: ONDS)’s stock price has dropped by -4.46 in relation to previous closing price of 0.97. Nevertheless, the company has seen a loss of -12.75% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-02 that Ondas Holdings, Inc. ONDS] Q4 2023 Earnings Conference Call April 1, 2024 8:30 AM ET Company Participants Eric Brock – Chairman & CEO Yishay Curelaru – CFO Guy Simpson – President & COO, Ondas Networks Meir Kliner – President, Autonomous Systems Tim Tenne – CEO, American Robotics Conference Call Participants Glenn Mattson – Ladenburg Thalmann Tim Horan – Oppenheimer Carter Mansbach – Forte Capital Group Aditya Iyer – Northland Capital Matthew Galinko – Maxim Group Operator Welcome to the Ondas Holding Inc. fourth quarter and full year 2023 conference call. [Operator Instructions].
ONDS’s Market Performance
Ondas Holdings Inc (ONDS) has seen a -12.75% fall in stock performance for the week, with a -14.36% decline in the past month and a -44.11% plunge in the past quarter. The volatility ratio for the week is 8.13%, and the volatility levels for the past 30 days are at 10.49% for ONDS. The simple moving average for the past 20 days is -8.09% for ONDS’s stock, with a -14.65% 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 -22.23% 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 -56.78% of loss for the given period.
Volatility was left at 10.49%, however, over the last 30 days, the volatility rate increased by 8.13%, as shares sank -11.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.46% lower at present.
During the last 5 trading sessions, ONDS fell by -12.75%, which changed the moving average for the period of 200-days by +1.24% in comparison to the 20-day moving average, which settled at $1.0006. In addition, Ondas Holdings Inc saw -39.55% 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:
- -2.44 for the present operating margin
- 0.31 for the gross margin
The net margin for Ondas Holdings Inc stands at -3.19. The total capital return value is set at -0.68. Equity return is now at value -98.17, with -47.18 for asset returns.
Based on Ondas Holdings Inc (ONDS), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -1.15. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is -9.13.
Currently, EBITDA for the company is -32.18 million with net debt to EBITDA at -0.62. When we switch over and look at the enterprise to sales, we see a ratio of 5.16. The receivables turnover for the company is 3.66for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.
Conclusion
To sum up, Ondas Holdings Inc (ONDS) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
