The stock of Ondas Holdings Inc (NASDAQ: ONDS) has increased by 19.44 when compared to last closing price of 0.71.Despite this, the company has seen a gain of 14.79% in its stock price over the last five trading days. accesswire.com reported 2024-11-19 that BOSTON, MA / ACCESSWIRE / November 19, 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 it has received a notification letter from Nasdaq Stock Market LLC (“Nasdaq”) that the Company has been granted an additional 180-day compliance period to regain compliance with Nasdaq’s minimum bid price of $1.00. Ondas was granted the extension for the minimum bid price requirement based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on the Nasdaq Capital Market with the exception of the bid price requirement, and the Company’s written notice of its intention to cure the deficiency during the extended compliance period.
Is It Worth Investing in Ondas Holdings Inc (NASDAQ: ONDS) Right Now?
Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ONDS is 65.12M, and currently, short sellers hold a 3.46% ratio of that floaft. The average trading volume of ONDS on November 21, 2024 was 329.02K shares.
ONDS’s Market Performance
The stock of Ondas Holdings Inc (ONDS) has seen a 14.79% increase in the past week, with a -0.74% drop in the past month, and a 1.70% gain in the past quarter. The volatility ratio for the week is 11.55%, and the volatility levels for the past 30 days are at 9.87% for ONDS. The simple moving average for the last 20 days is 10.99% for ONDS’s stock, with a simple moving average of -3.65% for the last 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 6.31% 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 -57.22% of loss for the given period.
Volatility was left at 9.87%, however, over the last 30 days, the volatility rate increased by 11.55%, as shares sank -11.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.40% lower at present.
During the last 5 trading sessions, ONDS rose by +8.69%, which changed the moving average for the period of 200-days by -34.09% in comparison to the 20-day moving average, which settled at $0.7627. In addition, Ondas Holdings Inc saw -44.50% 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:
- -4.46 for the present operating margin
- -0.23 for the gross margin
The net margin for Ondas Holdings Inc stands at -5.35. The total capital return value is set at -0.88. Equity return is now at value -139.10, with -46.25 for asset returns.
Based on Ondas Holdings Inc (ONDS), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at -1.03. The debt to equity ratio resting at 2.04. The interest coverage ratio of the stock is -10.8.
Currently, EBITDA for the company is -34.64 million with net debt to EBITDA at -1.03. When we switch over and look at the enterprise to sales, we see a ratio of 12.22. The receivables turnover for the company is 2.2for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.43.
Conclusion
In a nutshell, Ondas Holdings Inc (ONDS) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
