After finishing at $1.04 in the prior trading day, Ondas Holdings Inc (NASDAQ: ONDS) closed at $0.95, down -8.65%. In other words, the price has decreased by -$0.0900 from its previous closing price. On the day, 554295 shares were traded.
Ratios:
Our goal is to gain a better understanding of ONDS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 0.85. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.15.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Ladenburg Thalmann on December 11, 2023, initiated with a Buy rating and assigned the stock a target price of $3.50.
On February 16, 2021, Northland Capital started tracking the stock assigning a Outperform rating and target price of $22.
On December 23, 2020, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $10.Oppenheimer initiated its Outperform rating on December 23, 2020, with a $10 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 26 ’24 when Popolo Joseph V bought 1,785,714 shares for $1.12 per share. The transaction valued at 2,000,000 led to the insider holds 3,183,244 shares of the business.
Popolo Joseph V bought 85,646 shares of ONDS for $101,944 on Nov 22 ’23. The 10% Owner now owns 1,284,245 shares after completing the transaction at $1.19 per share. On Nov 22 ’23, another insider, COHEN RICHARD M, who serves as the Director of the company, sold 5,930 shares for $1.08 each. As a result, the insider received 6,406 and left with 52,993 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ONDS now has a Market Capitalization of 62.28M and an Enterprise Value of 74.76M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.56 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 6.67 whereas that against EBITDA is -1.33.
Stock Price History:
Over the past 52 weeks, ONDS has reached a high of $2.14, while it has fallen to a 52-week low of $0.31. The 50-Day Moving Average of the stock is 1.3732, while the 200-Day Moving Average is calculated to be 1.0783.
Shares Statistics:
The stock has traded on average 346.17K shares per day over the past 3-months and 278.83k shares per day over the last 10 days, according to various share statistics. A total of 65.56M shares are outstanding, with a floating share count of 53.67M. Insiders hold about 18.14% of the company’s shares, while institutions hold 13.13% stake in the company. Shares short for ONDS as of Feb 29, 2024 were 1.63M with a Short Ratio of 4.72, compared to 1.79M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.49% and a Short% of Float of 2.65%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.17, while EPS last year was -$0.44. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.05 and low estimates of -$0.16.
Analysts are recommending an EPS of between -$0.7 and -$0.79 for the fiscal current year, implying an average EPS of -$0.75. EPS for the following year is -$0.35, with 4 analysts recommending between -$0.18 and -$0.56.
Revenue Estimates
4 analysts predict $4.27M in revenue for the current quarter. It ranges from a high estimate of $4.3M to a low estimate of $4.21M. As of the current estimate, Ondas Holdings Inc’s year-ago sales were $479k, an estimated increase of 791.40% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $5.35M, an increase of 106.20% less than the figure of $791.40% in the same quarter last year. There is a high estimate of $8.3M for the next quarter, whereas the lowest estimate is $3.37M.
A total of 4 analysts have provided revenue estimates for ONDS’s current fiscal year. The highest revenue estimate was $15.01M, while the lowest revenue estimate was $14.94M, resulting in an average revenue estimate of $14.99M. In the same quarter a year ago, actual revenue was $2.13M, up 605.10% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $41.96M in the next fiscal year. The high estimate is $58.9M and the low estimate is $23.55M. The average revenue growth estimate for next year is up 179.90% from the average revenue estimate for this year.
