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Friday, September 29, 2023

An Evaluation Of Ondas Holdings Inc. (NASDAQ: ONDS) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Ondas Holdings Inc. (ONDS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0157, or -1.64%, to $0.9401. The Ondas Holdings Inc. has recorded 253 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Ondas Holdings’ Airobotics Awarded Approximately $540,000 Grant from the Israel Innovation Authority to Further Advance its AI-Based Counter-Drone System.

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Stocks Info

ONDS belongs to the Technology sector of the NASDAQ while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $0.96 and fluctuated between $1.0100 as its day high and $0.9430 as its day low. The current market capitalization of Ondas Holdings Inc. is $54.49M. A total of 0.14 million shares were traded on the day, compared to an average of 727.62K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ONDS has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 12 SELLs from insiders. Insiders purchased 556,922 shares during that period but sold 274,841.

In the most recent transaction, SOOD JASPREET K sold 5,676 shares of ONDS for 1.00 per share on Aug 18. After the transaction, the Director now owns 25,787 company shares. In a previous transaction on Aug 18, Seidl Randy sold 5,676 shares at 1.00 per share. ONDS shares that Director owns now total 27,059.

Among the insiders who sold shares, Silverman Richard H disposed of 5,676 shares on Aug 18 at a per-share price of $1.00. This resulted in the Director holding 42,942 shares of ONDS after the transaction. In another insider transaction, COHEN RICHARD M sold 5,676 shares at $1.06 per share on Aug 17. Company shares held by the Director now total 42,707.



While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ONDS in the last 3 months, the mean price target is $2.00 with high estimates of $2.00 and low estimates of $2.00. In terms of 52-week highs and lows, ONDS has a high of $4.75 and a low of $0.78.

As of this writing, ONDS has an earnings estimate of -$0.17 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.14 per share and a lower estimate of -$0.2. The company reported an EPS of -$0.3 in the last quarter, which was -7.10% lower than expectations of -$0.28.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ONDS’s latest balance sheet shows that the firm has $40.82M in Cash & Short Term Investments as of fiscal 2021. There were $1.09M in debt and $4.62M in liabilities at the time. Its Book Value Per Share was $0.97, while its Total Shareholder’s Equity was $112.23M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ONDS is Buy with a score of 4.33.

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