Ondas Holdings Inc (NASDAQ:ONDS) price on Thursday, December 26, rose 24.26% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.51.
A look at the stock’s price movement, the close in the last trading session was $2.02, moving within a range at $2.13 and $2.67. Turning to its 52-week performance, $2.20 and $0.54 were the 52-week high and 52-week low respectively. Overall, ONDS moved 190.51% over the past month.
Ondas Holdings Inc’s market cap currently stands at around $214.48 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 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy 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 101.55% and 155.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 81.25, while 7-day volatility ratio is 25.73% and 26.79% in the 30-day chart. Further, Ondas Holdings Inc (ONDS) has a beta value of 0, and an average true range (ATR) of 0.30. 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 40.24% off current price level while to achieve the yearly target high, price needs to move 40.24%. Nonetheless, investors will most likely welcome a 40.24% 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 8.61 over the past 10 days and 2.48 million over the past 3 months. The company’s latest data on shares outstanding shows there are 75.30 million shares.
The 15.72% of Ondas Holdings Inc’s shares are in the hands of company insiders while institutional holders own 13.54% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.89 million on 2024-11-29, giving us a short ratio of 1.56. The data shows that as of 2024-11-29 short interest in Ondas Holdings Inc (ONDS) stood at 268.00001 of shares outstanding, with shares short falling to 2.25 million registered in 2024-10-31. Current price change has pushed the stock 64.05% 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.
