Ondas Holdings Inc (NASDAQ: ONDS) kicked off on Friday, up 6.02% from the previous trading day, before settling in for the closing price of $0.82. Over the past 52 weeks, ONDS has traded in a range of $0.31-$1.99.
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Annual sales at Technology sector company grew by 305.24% over the past five years. While this was happening, its average annual earnings per share was recorded 44.03%. With a float of $57.31 million, this company’s outstanding shares have now reached $61.94 million.
Let’s look at the performance matrix of the company that is accounted for 108 employees. In terms of profitability, gross margin is -29.26%, operating margin of -374.74%, and the pretax margin is -429.75%.
Ondas Holdings Inc (ONDS) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Communication Equipment Industry. The insider ownership of Ondas Holdings Inc is 18.09%, while institutional ownership is 8.58%. The most recent insider transaction that took place on Jun 11 ’24, was worth 27,631. In this transaction Chairman, CEO and President of this company bought 37,400 shares at a rate of $0.74, taking the stock ownership to the 1,936,255 shares. Before that another transaction happened on Jun 10 ’24, when Company’s Chairman, CEO and President bought 7,649 for $0.67, making the entire transaction worth $5,119. This insider now owns 1,898,855 shares in total.
Ondas Holdings Inc (ONDS) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.15 earnings per share (EPS), higher than consensus estimate (set at -0.17) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 44.03% per share during the next fiscal year.
Ondas Holdings Inc (NASDAQ: ONDS) Trading Performance Indicators
Take a look at Ondas Holdings Inc’s (ONDS) current performance indicators. Last quarter, stock had a quick ratio of 0.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.72, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.14 in one year’s time.
Technical Analysis of Ondas Holdings Inc (ONDS)
Ondas Holdings Inc (NASDAQ: ONDS) saw its 5-day average volume 0.13 million, a negative change from its year-to-date volume of 0.27 million. As of the previous 9 days, the stock’s Stochastic %D was 65.29%. Additionally, its Average True Range was 0.10.
During the past 100 days, Ondas Holdings Inc’s (ONDS) raw stochastic average was set at 43.95%, which indicates a significant decrease from 87.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 122.36% in the past 14 days, which was higher than the 117.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8116, while its 200-day Moving Average is $1.0377. Nevertheless, the first resistance level for the watch stands at $0.9047 in the near term. At $0.9375, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.9897. If the price goes on to break the first support level at $0.8197, it is likely to go to the next support level at $0.7675. The third support level lies at $0.7347 if the price breaches the second support level.
Ondas Holdings Inc (NASDAQ: ONDS) Key Stats
The company with the Market Capitalisation of 61.01 million has total of 66,272K Shares Outstanding. Its annual sales at the moment are 15,690 K in contrast with the sum of -44,840 K annual income. Company’s last quarter sales were recorded 960 K and last quarter income was -8,270 K.
