Ondas Holdings Inc (NASDAQ: ONDS) Increases 91.17% Over A Month, But Analysts Still See Upside Potential

Ondas Holdings Inc (NASDAQ:ONDS) currently has a daily average trading volume of 1.91M but it saw 8102005 shares traded in last market. With a market cap of 106.24M USD, the company’s current market price of $1.29 came falling about -22.75 while comparing to the previous closing price of $1.67. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.99 and as low as $0.54. In the recent trading on the day, stock has struck highest price mark of $1.06 while lowest mark touched by it was $1.765.

Taking a look at 20-day trading activity of Ondas Holdings Inc (ONDS) gives us an average price of $0.9852, while its current price level is -35.01% below from 52-week high level whereas it is 140.40% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.8884 while that of 200 days or SMA-200 reads an average of $0.8506. A closer look into the stock’s movement over the week reveals that its volatility is standing at 38.46% during that period while stretching the period over a month that decreases to 24.29%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.40 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Ladenburg Thalmann which initiated the stock as “Buy” in its note to investors issued on December 11, 2023, recommending a price target of $3.50 for it. Oppenheimer also issued its recommendations for the stock as it initiated the price target for the stock is $10.

Over the week, ONDS’s stock price is moving 22.86% up while it is 91.17% when we observe its performance for the past one month. Year-to-date it is -15.69% down and over the past year, the stock is showing an upside performance of 7.50%.

Currently, Ondas Holdings Inc’s total number of outstanding shares is 75.30M. Company’s return on investment (ROI) stands at -224.33% and return on equity (ROE) at -139.10%. Stock has a price to book (P/B) ratio of 6.51 while price to sale or P/S ratio amounts to 13.25. Its return on asset (ROA) is -46.25% on average.