Stock Performance Spotlight: Ondas Holdings Inc (ONDS) Ends the Day at 0.83, Down by -3.36

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As of close of business last night, Ondas Holdings Inc’s stock clocked out at $0.83, down -3.36% from its previous closing price of $0.86. In other words, the price has decreased by -$3.36 from its previous closing price. On the day, 0.78 million shares were traded. ONDS stock price reached its highest trading level at $0.915 during the session, while it also had its lowest trading level at $0.82.

Ratios:

To gain a deeper understanding of ONDS’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.19 and its Current Ratio is at 0.43. In the meantime, Its Debt-to-Equity ratio is 2.45 whereas as Long-Term Debt/Eq ratio is at 0.37.

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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 11 ’24 when Brock Eric A bought 37,400 shares for $0.74 per share. The transaction valued at 27,631 led to the insider holds 1,936,255 shares of the business.

Brock Eric A bought 7,649 shares of ONDS for $5,119 on Jun 10 ’24. The Chairman, CEO and President now owns 1,898,855 shares after completing the transaction at $0.67 per share. On Jun 07 ’24, another insider, Popolo Joseph V, who serves as the Director of the company, bought 100,000 shares for $0.67 each. As a result, the insider paid 67,020 and bolstered with 3,283,244 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 64539320 and an Enterprise Value of 96570056. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.05 while its Price-to-Book (P/B) ratio in mrq is 4.21. Its current Enterprise Value per Revenue stands at 12.034 whereas that against EBITDA is -2.98.

Stock Price History:

Over the past 52 weeks, ONDS has reached a high of $1.99, while it has fallen to a 52-week low of $0.54. The 50-Day Moving Average of the stock is 3.82%, while the 200-Day Moving Average is calculated to be -4.38%.

Shares Statistics:

It appears that ONDS traded 384.45K shares on average per day over the past three months and 713230 shares per day over the past ten days. A total of 77.29M shares are outstanding, with a floating share count of 65.12M. Insiders hold about 15.75% of the company’s shares, while institutions hold 14.97% stake in the company. Shares short for ONDS as of 1731628800 were 1781928 with a Short Ratio of 5.86, compared to 1728950400 on 2345299. Therefore, it implies a Short% of Shares Outstanding of 1781928 and a Short% of Float of 2.53.

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