Ondas Holdings Inc (NASDAQ:ONDS) price on Wednesday, December 04, fall -0.29% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.79.
A look at the stock’s price movement, the close in the last trading session was $0.80, moving within a range at $0.7527 and $0.8098. Turning to its 52-week performance, $1.99 and $0.54 were the 52-week high and 52-week low respectively. Overall, ONDS moved 7.39% over the past month.
Ondas Holdings Inc’s market cap currently stands at around $61.42 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 5.75M for the company’s revenue for the quarter, with a low and high estimate of 4M and 6.66M respectively. The average forecast suggests up to a 15.97% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.8M, representing a -43.91% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ONDS is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend ONDS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ONDS’s current price about 0.62% and -2.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.69, while 7-day volatility ratio is 26.69% and 15.76% in the 30-day chart. Further, Ondas Holdings Inc (ONDS) has a beta value of 0, and an average true range (ATR) of 0.13. Analysts have given the company’s stock an average 52-week price target of $1.5, forecast between a low of $1.5 and high of $1.5. Looking at the price targets, the low is -89.87% off current price level while to achieve the yearly target high, price needs to move -89.87%. Nonetheless, investors will most likely welcome a -89.87% jump to $1.5 which is the analysts’ median price.
If we refocus on Ondas Holdings Inc (NASDAQ:ONDS), historical trading data shows that trading volumes averaged 4.78 over the past 10 days and 1.04 million over the past 3 months. The company’s latest data on shares outstanding shows there are 75.30 million shares.
The 15.75% of Ondas Holdings Inc’s shares are in the hands of company insiders while institutional holders own 14.97% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.78 million on 2024-11-15, giving us a short ratio of 6.86. The data shows that as of 2024-11-15 short interest in Ondas Holdings Inc (ONDS) stood at 252.99999999999997 of shares outstanding, with shares short falling to 2.35 million registered in 2024-10-15. Current price change has pushed the stock -48.06% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ONDS stock continues to rise going into the next quarter.
