There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ONDS is 54.28M and currently, short sellers hold a 4.33% ratio of that float. The average trading volume of ONDS on July 22, 2024 was 171.50K shares.
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ONDS) stock’s latest price update
Ondas Holdings Inc (NASDAQ: ONDS)’s stock price has increased by 13.92 compared to its previous closing price of 0.84. However, the company has seen a 24.26% increase in its stock price over the last five trading sessions. accesswire.com reported 2024-07-22 that Additional volume orders are expected in the second half of 2024 based upon combat success in operational conditions The Iron Drone Raider system is a unique, innovative counter-drone system using an autonomous AI-guided interception drone launched from a designated docking station This direct purchase from a government military customer positions Ondas as a prime defense contractor and Iron Drone as a new, potentially leading solution, for the $1.6 billion counter-drone market MARLBOROUGH, MA / ACCESSWIRE / July 22, 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, announced today that it has received an initial purchase order from a military customer for several Iron Drone Raider (the “Raider”) counter-drone systems. The systems are to be deployed and operated as part of military defense activities to protect from hostile drones threatening borders, critical locations, populations and defense forces.
ONDS’s Market Performance
Ondas Holdings Inc (ONDS) has experienced a 24.26% rise in stock performance for the past week, with a 45.39% rise in the past month, and a 14.63% rise in the past quarter. The volatility ratio for the week is 9.56%, and the volatility levels for the past 30 days are at 11.18% for ONDS. The simple moving average for the past 20 days is 37.66% for ONDS’s stock, with a -1.61% 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 31.86% 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 -55.14% of loss for the given period.
Volatility was left at 11.18%, however, over the last 30 days, the volatility rate increased by 9.56%, as shares surge +43.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.22% upper at present.
During the last 5 trading sessions, ONDS rose by +28.14%, which changed the moving average for the period of 200-days by +73.99% in comparison to the 20-day moving average, which settled at $0.7124. In addition, Ondas Holdings Inc saw -37.25% 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 Brock Eric A, who purchase 37,400 shares at the price of $0.74 back on Jun 11 ’24. After this action, Brock Eric A now owns 1,936,255 shares of Ondas Holdings Inc, valued at $27,631 using the latest closing price.
Brock Eric A, the Chairman, CEO and President of Ondas Holdings Inc, purchase 7,649 shares at $0.67 during a trade that took place back on Jun 10 ’24, which means that Brock Eric A is holding 1,898,855 shares at $5,119 based on the most recent closing price.
Stock Fundamentals for ONDS
Current profitability levels for the company are sitting at:
- -2.53 for the present operating margin
- 0.14 for the gross margin
The net margin for Ondas Holdings Inc stands at -2.93. The total capital return value is set at -0.65. Equity return is now at value -98.39, with -43.44 for asset returns.
Based on Ondas Holdings Inc (ONDS), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at -0.96. The debt to equity ratio resting at 1.08. The interest coverage ratio of the stock is -10.93.
Currently, EBITDA for the company is -32.18 million with net debt to EBITDA at -0.73. When we switch over and look at the enterprise to sales, we see a ratio of 6.15. The receivables turnover for the company is 4.23for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.62.
Conclusion
In conclusion, Ondas Holdings Inc (ONDS) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
