A new trading day began on Monday, with Ondas Holdings Inc (NASDAQ: ONDS) stock price down -7.29% from the previous day of tradingbefore settling in for the closing price of $0.80. ONDS’s price has ranged from $0.31 to $1.99 over the past 52 weeks.
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Annual sales at Technology sector company grew by 305.24% over the past five years. Meanwhile, its annual earnings per share averaged 43.75%. With a float of $62.40 million, this company’s outstanding shares have now reached $75.30 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Communication Equipment Industry. The insider ownership of Ondas Holdings Inc is 17.14%, while institutional ownership is 7.97%. 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 its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.15 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 43.75% per share during the next fiscal year.
Ondas Holdings Inc (NASDAQ: ONDS) Trading Performance Indicators
Here are Ondas Holdings Inc’s current performance indicators. According to the last quarter’s results, the 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 6.03.
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 -0.24 in one year’s time.
Technical Analysis of Ondas Holdings Inc (ONDS)
Ondas Holdings Inc (NASDAQ: ONDS) saw its 5-day average volume 0.35 million, a positive change from its year-to-date volume of 0.27 million. As of the previous 9 days, the stock’s Stochastic %D was 25.65%. Additionally, its Average True Range was 0.10.
During the past 100 days, Ondas Holdings Inc’s (ONDS) raw stochastic average was set at 26.39%, which indicates a significant increase from 10.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 105.38% in the past 14 days, which was lower than the 120.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8570, while its 200-day Moving Average is $1.0256. Nevertheless, the first resistance level for the watch stands at $0.7997 in the near term. At $0.8613, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.9062. If the price goes on to break the first support level at $0.6932, it is likely to go to the next support level at $0.6483. The third support level lies at $0.5867 if the price breaches the second support level.
Ondas Holdings Inc (NASDAQ: ONDS) Key Stats
With a market capitalization of 55.57 million, the company has a total of 66,272K Shares Outstanding. Currently, annual sales are 15,690 K while annual income is -44,840 K. The company’s previous quarter sales were 960 K while its latest quarter income was -8,270 K.
