In yesterday’s Wall Street session, Ondas Holdings Inc. (NASDAQ:ONDS) shares traded at $1.22, down -7.58% from the previous session.
As of this writing, 3 analysts cover Ondas Holdings Inc. (NASDAQ:ONDS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $2.00, we find $3.00. Given the previous closing price of $1.32, this indicates a potential upside of 127.27 percent. ONDS stock price is now 26.87% away from the 50-day moving average and -36.55% away from the 200-day moving average. The market capitalization of the company currently stands at $53.30M.
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There are 1 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $3.00 as their price target over the next twelve months.
With the price target of $22, Northland Capital recently initiated with Outperform rating for Ondas Holdings Inc. (NASDAQ: ONDS).
In other news, Bushey Thomas, Director sold 75,000 shares of the company’s stock on Mar 17. The stock was sold for $96,000 at an average price of $1.28. Upon completion of the transaction, the Director now directly owns 252,642 shares in the company, valued at $0.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 23, Director Bushey Thomas sold 72,804 shares of the business’s stock. A total of $121,801 was realized by selling the stock at an average price of $1.67. This leaves the insider owning 326,052 shares of the company worth $0.4 million. Insiders disposed of 274,841 shares of company stock worth roughly $0.34 million over the past 1 year. A total of 18.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ONDS stock. A new stake in Ondas Holdings Inc. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $366,000. VIRTU FINANCIAL LLC invested $61,000 in shares of ONDS during the first quarter. In the first quarter, COMMONWEALTH EQUITY SERVICES, LLC acquired a new stake in Ondas Holdings Inc. valued at approximately $18,000. GROUP ONE TRADING, L.P. acquired a new stake in ONDS for approximately $12,000. ROCKEFELLER CAPITAL MANAGEMENT L.P. purchased a new stake in ONDS valued at around $1,000 in the second quarter. In total, there are 95 active investors with 24.30% ownership of the company’s stock.
Wednesday morning saw Ondas Holdings Inc. (NASDAQ: ONDS) opened at $1.3900. During the past 12 months, Ondas Holdings Inc. has had a low of $0.78 and a high of $5.68. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 0.90, and a quick ratio of 0.70. The fifty day moving average price for ONDS is $0.9661 and a two-hundred day moving average price translates $1.9085 for the stock.
The latest earnings results from Ondas Holdings Inc. (NASDAQ: ONDS) was released for Mar, 2023. According to the Communication Equipment Company, earnings per share came in at -$0.3, missing analysts’ expectations of -$0.28 by -0.02. This compares to -$0.24 EPS in the same period last year. The company reported revenue of $2.6 million for the quarter, compared to $0.41 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 533.17 percent. For the current quarter, analysts expect ONDS to generate $4.27M in revenue.
