Ondas Holdings Inc [NASDAQ: ONDS] price surged by 9.09 percent to reach at $0.08.
The one-year ONDS stock forecast points to a potential upside of 66.67. The average equity rating for ONDS stock is currently 1.50, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Ondas Holdings Inc [ONDS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ONDS shares is $2.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ONDS stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Ladenburg Thalmann have made an estimate for Ondas Holdings Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 11, 2023. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on February 16, 2021, representing the official price target for Ondas Holdings Inc stock. Previously, the target price had yet another raise to $10, while Oppenheimer analysts kept a Outperform rating on ONDS stock.
The Average True Range (ATR) for Ondas Holdings Inc is set at 0.14, with the Price to Sales ratio for ONDS stock in the period of the last 12 months amounting to 13.03. The Price to Book ratio for the last quarter was 4.98, with the Price to Cash per share for the same quarter was set at 0.28.
ONDS Stock Performance Analysis:
Ondas Holdings Inc [ONDS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.93. With this latest performance, ONDS shares dropped by -19.47% in over the last four-week period, additionally plugging by 14.79% over the last 6 months – not to mention a drop of -9.15% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ONDS stock in for the last two-week period is set at 43.82, with the RSI for the last a single of trading hit 53.37, and the three-weeks RSI is set at 41.82 for Ondas Holdings Inc [ONDS]. The present Moving Average for the last 50 days of trading for this stock 1.4063, while it was recorded at 0.7691 for the last single week of trading, and 1.0796 for the last 200 days.
Insight into Ondas Holdings Inc Fundamentals:
Ondas Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.73 and a Current Ratio set at 0.94.
Ondas Holdings Inc [ONDS] Institutonal Ownership Details
There are presently around $14.21%, or 16.03%% of ONDS stock, in the hands of institutional investors. The top three institutional holders of ONDS stocks are: VANGUARD GROUP INC with ownership of 2.09 million shares, which is approximately 3.3085%. BLEICHROEDER LP, holding 0.78 million shares of the stock with an approximate value of $$0.45 million in ONDS stocks shares; and BLEICHROEDER LP, currently with $$0.32 million in ONDS stock with ownership which is approximately 0.8758%.
