Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ondas Holdings Inc shares valued at $27,631 were purchased by Brock Eric A on Jun 11 ’24. At $0.74 per share, Brock Eric A acquired 37,400 shares. The insider’s holdings grew to 1,936,255 shares worth approximately $1.68 million following the completion of this transaction.
Also, Brock Eric A purchased 7,649 shares, netting a total of over 5,119 in proceeds. Following the buying of shares at $0.67 each, the insider now holds 1,898,855 shares.
Before that, Popolo Joseph V had added 100,000 shares to its account. In a trade valued at $67,020, the Director bought Ondas Holdings Inc shares for $0.67 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $2.86 million.
As published in their initiating research note from Ladenburg Thalmann on December 11, 2023, Ondas Holdings Inc [ONDS] has been a Buy and the price target has been revised to $3.50. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid February. As of December 23, 2020, Oppenheimer has initiated its “an Outperform” rating for ONDS.
Analyzing ONDS Stock Performance
During the last five days, there has been a surge of approximately 21.90%. Over the course of the year, Ondas Holdings Inc shares have dropped approximately -43.35%. Shares of the company reached a 52-week high of $1.9850 on 01/02/24 and a 52-week low of $0.5366 on 08/14/24. A 50-day SMA is recorded $0.8061, while a 200-day SMA reached $0.8706. Nevertheless, trading volume fell to 0.65 million shares from 2.0 million shares the previous day.
Support And Resistance Levels for Ondas Holdings Inc (ONDS)
According to the 24-hour chart, there is a support level at 0.8054, which, if violated, would cause prices to drop to 0.7442. In the upper region, resistance lies at 0.9089. The next price resistance is at 0.9512. RSI (Relative Strength Index) is 57.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0787, which suggests the price will decrease in the coming days. Percent R is at 42.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
