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An Analysis of Ondas Holdings Inc (ONDS)’s Potential Price Growth

Ondas Holdings Inc’s recent filing unveils that its Chairman, CEO and President Brock Eric A acquired Company’s shares for reported $27631.0 on Jun 11 ’24. In the deal valued at $0.74 per share,37,400 shares were bought. As a result of this transaction, Brock Eric A now holds 1,936,255 shares worth roughly $2.05 million.

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Then, Brock Eric A bought 7,649 shares, generating $5,119 in total proceeds. Upon buying the shares at $0.67, the Chairman, CEO and President now owns 1,898,855 shares.

Before that, Popolo Joseph V bought 100,000 shares. Ondas Holdings Inc shares valued at $67,020 were divested by the Director at a price of $0.67 per share. As a result of the transaction, Popolo Joseph V now holds 3,283,244 shares, worth roughly $3.48 million.

Ladenburg Thalmann initiated its Ondas Holdings Inc [ONDS] rating to a Buy in a research note published on December 11, 2023; the price target was $3.50. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid February with a ‘”an Outperform”‘ rating. Oppenheimer began covering ONDS with “an Outperform” recommendation on December 23, 2020.

Price Performance Review of ONDS

On Friday, Ondas Holdings Inc [NASDAQ:ONDS] saw its stock fall -5.36% to $1.06. Ondas Holdings Inc shares have fallen nearly -30.72% since the year began. Nevertheless, the stocks have fallen -35.17% over the past one year. While a 52-week high of $1.99 was reached on 01/02/24, a 52-week low of $0.31 was recorded on 07/03/24. SMA at 50 days reached $0.7775, while 200 days put it at $1.0023. A total of 0.51 million shares were traded, compared to the trading of 0.45 million shares in the previous session.

Levels Of Support And Resistance For ONDS Stock

The 24-hour chart illustrates a support level at 0.9536, which if violated will result in even more drops to 0.8471. On the upside, there is a resistance level at 1.1732. A further resistance level may holdings at 1.2863. The Relative Strength Index (RSI) on the 14-day chart is 59.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0722, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.65%. Stochastics%K at 56.27% indicates the stock is a holding.

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