Ondas Holdings Inc (NASDAQ:ONDS) shares, rose in value on Thursday, January 02, with the stock price up by 2.73% to the previous day’s close as strong demand from buyers drove the stock to $2.63.
Actively observing the price movement in the last trading, the stock closed the session at $2.56, falling within a range of $2.45 and $2.79. Referring to stock’s 52-week performance, its high was $3.14, and the low was $0.54. On the whole, ONDS has fluctuated by 220.69% over the past month.
With the market capitalization of Ondas Holdings Inc currently standing at about $224.73 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.8M, with a low estimate of 4M and a high estimate of 6.66M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.75M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ONDS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ONDS currently trading nearly 64.33% and 134.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.68, while the 7-day volatility ratio is showing 22.92% which for the 30-day chart, stands at 25.56%. Furthermore, Ondas Holdings Inc (ONDS)’s average true range (ATR) is 0.36.
A comparison of Ondas Holdings Inc (ONDS) with its peers suggests the former has fared considerably weaker in the market. ONDS showed an intraday change of 2.73% in last session, and over the past year, it grew by 44.51%%.
Data on historical trading for Ondas Holdings Inc (NASDAQ:ONDS) indicates that the trading volumes over the past 10 days have averaged 10.93 and over the past 3 months, they’ve averaged 3.35 million. According to company’s latest data on outstanding shares, there are 75.30 million shares outstanding.
Nearly 15.72% of Ondas Holdings Inc’s shares belong to company insiders and institutional investors own 13.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.83 million shares as on 2024-12-13, resulting in a short ratio of 1.05. According to the data, the short interest in Ondas Holdings Inc (ONDS) stood at 508.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 1.78 million. The stock has risen by 2.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ONDS stock heading into the next quarter.
