Ondas Holdings Inc (NASDAQ:ONDS) traded at $2.65 at close of the session on current trade day and made a downward move of -1.49% on its previous day’s price.
Looking at the stock we see that its previous close was $2.69 with the day’s price range being $2.41 – $2.7591. In terms of its 52-week price range, ONDS has a high of $3.40 and a low of $0.54. The company’s stock has gained about 248.73% over that past 30 days.
Ondas Holdings Inc has a market cap of $242.01 million and is expected to release its quarterly earnings report in February.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 5.75M, with a low of 4M and a high of 6.66M. The median projection represents growth squeezing down to 15.97% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 8.8M, or -43.91% down from figures reported last year.
On the other hand, looking at the outlook for the ONDS stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Ondas Holdings Inc (ONDS) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 40.25% off its SMA20 and 115.56% from its 50-day simple moving average. The RSI (14) is pointing at 72.01 while the volatility over the past week is 18.16% and jumps to 26.48% over the past one month. The average price target for the stock over the next 12 months is $1.5, with the estimates having a low of $1.5 and a high of $1.5. These price ends are 43.4% and 43.4% off the current price level respectively, although investors could be excited at the prospect of a 43.4% if the ONDS share price touches on the median price of $1.5.
Coming back to Ondas Holdings Inc (NASDAQ:ONDS), we note that the average 3-month trading volume was 4.39 million, while that of the preceding 10-day period stands at 14.5 million. Current shares outstanding are 91.33 million.
The insiders hold 15.72% of the company’s shares while institutions hold 12.67%. The data shows that short shares as of 2024-12-13, stood at 3.83 million at a short ratio of 1.05. This represents a 508.00 short interest in shares outstanding on 2024-12-13. Shares short rose in December from the previous month at 1.78 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 3.52% up in year-to-date price movement.
