Where Does Ondas Holdings Inc. (ONDS) Rank When It Comes To Price-To-Earnings Ratio?

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Ondas Holdings Inc. (NASDAQ:ONDS) finished Friday with an addition of $0.09 to close at $1.59, an upside of 6.00 percent. An average of 619,780 shares of common stock have been traded in the last five days. There was a fall of -$0.1600 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 538,500 shares traded, while the 50-day average volume stands at 391,960.

ONDS stock has decreased by -38.61% in the last month. The company shares reached their 1-month lowest point of $1.4600 on 12/30/22. With the stock rallying to its 52-week high on 05/02/22, shares of the company touched a low of $1.47 and a high of $8.30 in 52 weeks. It has reached a new high 5 times so far this year and lost -76.30% or -$5.1200 in price. In spite of this, the price is down -80.84% from the 52-week high.

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Insider Transactions

ONDS stock investors should be aware that Ondas Holdings Inc. (ONDS) stock had its last reported insider trading activity 8 days ago on Dec 23. In this transaction, the insider spent $121,801. Director, Bushey Thomas, disposed of 49,970 shares at a price of $1.77 on Dec 22. The insider now owns more than $88,597 worth of shares. Prior to that, Director Bushey Thomas went on to Sale 54,902 shares at $1.87 each on Dec 21. An amount of $102,886 was transacted.

Valuation Metrics

Ondas Holdings Inc. (ONDS) stock’s beta is 0.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 32.07, the price-to-book (PB) ratio at 0.72.

Financial Health

The quick ratio of Ondas Holdings Inc. for the three months ended September 29 was 2.80, and the current ratio was 3.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $1.1 million compared to revenue of $2.91 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ondas Holdings Inc.’s return on assets was -35.10%.

Earnings Surprise

For the three-month period that ended September 29, Ondas Holdings Inc. had $0.3 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$13.58 million in the quarter, while revenues of -$11.39 million were grew 63.84%. The analyst consensus anticipated Ondas Holdings Inc.’s latest quarter earnings to come in at -$0.24 per share, but it turned out to be -$0.32, a -33.30% surprise. For the quarter, EBITDA amounted to -$12.26 million. Shareholders own equity worth $42.88 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Ondas Holdings Inc. (ONDS) price momentum. RSI 9-day as of the close on 30 December was 26.72%, suggesting the stock is oversold, with historical volatility in this time frame at 75.65%.

As of today, ONDS’s price is $1.5760 -9.14% or -$0.1600 from its 5-day moving average. ONDS is currently trading -36.14% lower than its 20-day SMA and -66.60% lower than its 100-day SMA. However, the stock’s current price level is -56.32% below the SMA50 and -70.28% below the SMA200.

The stochastic %K and %D were 8.42% and 6.39%, respectively, and the average true range (ATR) was 0.1846. With the 14-day stochastic at 14.13% and the average true range at 0.2009, the RSI (14) stands at 26.37%. The stock has reached -0.1444 on the 9-day MACD Oscillator while the 14-day reading was at -0.2436.

Analyst Ratings

Northland Capital launched coverage on Ondas Holdings Inc. (NASDAQ: ONDS) in its analyst report released on February 16, 2021. The firm assigned the stock an Outperform rating. The consensus rating for Ondas Holdings Inc. (ONDS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ONDS, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is ONDS’s price target for the next 12 months?

Analysts predict a range of price targets between $5.00 and $5.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Ondas Holdings Inc. (ONDS) stock is $5.00.

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