Insider Trade at Ondas Holdings
On November 20, 2023, Joseph V. Popolo, a 10% Owner at Ondas Holdings (NASDAQ: ONDS), made a notable insider purchase, as disclosed in a recent filing with the U.S. Securities and Exchange Commission. According to the Form 4 filing, Popolo acquired 73,792 shares of Ondas Holdings, amounting to a total of $56,554. At the time of the filing on Monday morning, Ondas Holdings shares were trading at $0.93, reflecting a 2.54% increase.
Insider transactions, such as the one reported by Popolo, can provide valuable insights for investors. However, it is important to note that these transactions should not be the sole basis for making investment decisions. In legal terms, an “insider” refers to individuals who hold significant positions in a company, including officers, directors, and beneficial owners of more than ten percent of the company’s equity securities registered under Section 12 of the Securities Exchange Act of 1934. These insiders are required to disclose their transactions through a Form 4 filing, which must be submitted within two business days of the transaction. While a new purchase by an insider can indicate their belief in the stock’s potential growth, it is crucial to consider that insider sells can occur for various reasons and may not necessarily imply a negative outlook on the stock.
Investors typically focus on transactions that occur in the open market, as indicated in Table I of the Form 4 filing. A “P” in Box 3 denotes a purchase, while an “S” indicates a sale. Form 4 filings, including insider trading reports, are publicly available through the Securities and Exchange Commission’s Electronic Data Gathering, Analysis, and Retrieval system (EDGAR).
It is essential for investors to consider these insider trading reports, such as Form 4 filings, as they provide valuable insights into the actions of company insiders, which can potentially impact stock prices.
Ondas Holdings Inc.
Updated on: 03/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Neutral
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Strong Sell
10:00 PM (UTC)
Date:02 December, 2023
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ONDS Stock Analysis: Mixed Performance and Potential Turnaround in 2023
ONDS stock had a mixed performance on November 20, 2023. The stock opened at $0.93, higher than the previous close of $0.90, and traded in a range between $0.90 and $1.15 throughout the day. The trading volume for the day was 67,902 shares, significantly lower than the average volume of 660,967 shares over the past three months.
ONDS has a market capitalization of $48.2 million, which is relatively small compared to other companies in the industry. The company has reported negative earnings growth of -294.49% in the previous year, indicating a decline in profitability. However, the earnings growth for the current year is positive at +60.12%, suggesting a potential turnaround in the company’s financial performance.
The company’s revenue growth for the last year was -26.87%, indicating a decline in sales. However, no data is available regarding the revenue growth for the next five years.
The P/E ratio for ONDS is not available (NM), indicating that the company is either not profitable or its earnings are negative. The price/sales ratio is 31.60, which suggests that the stock is relatively expensive compared to its revenue. The price/book ratio is 0.66, indicating that the stock is trading below its book value.
ONDS is in the Electronic Technology sector and operates in the Telecommunications Equipment industry. The company is headquartered in Waltham, Massachusetts.
The next reporting date for ONDS is scheduled for March 4, 2024. Analysts are forecasting an EPS (earnings per share) of -$0.09 for the current quarter, indicating that the company is expected to report a loss.
In conclusion, ONDS stock had a mixed performance on November 20, 2023, with volatility in its trading range. The company has reported negative earnings growth and declining revenue in the past year, but there are signs of potential improvement in the current year. Investors should closely monitor the company’s financial performance and industry trends before making any investment decisions.
ONDS Stock Shows Positive Performance and Promising Outlook for Ondas Holdings Inc
ONDS stock had a positive performance on November 20, 2023, based on the information provided. According to data from CNN Money, two analysts offering 12-month price forecasts for Ondas Holdings Inc have a median target of $2.00, with a high estimate and a low estimate also at $2.00. This median estimate represents a significant increase of 76.99% from the last price of $1.13.
The consensus among three polled investment analysts is to buy stock in Ondas Holdings Inc. This rating has remained steady since April, indicating a consistent positive outlook for the company’s performance.
In terms of financials, Ondas Holdings Inc reported earnings per share of -$0.09 for the current quarter, indicating a loss. However, the company generated sales of $11.1 million during this period, which demonstrates a revenue stream.
It is important to note that the information provided is accurate as of the reporting date of March 4, 2023. Therefore, it is essential to consider any recent developments or changes in the company’s performance when assessing the current state of ONDS stock.
Overall, based on the analysts’ price forecasts and the consensus buy rating, it appears that there is optimism surrounding the future performance of ONDS stock. Investors may want to keep an eye on any updates or news related to Ondas Holdings Inc to make informed investment decisions.