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Ladenburg Thalmann initates Ondas Holdings Inc (ONDS) rating to a Buy

In a filing, Ondas Holdings Inc revealed 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 $1.57 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 $2.66 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 Monday, Ondas Holdings Inc [NASDAQ:ONDS] saw its stock jump 1.16% to $0.81. Over the last five days, the stock has lost -0.84%. Ondas Holdings Inc shares have fallen nearly -46.85% since the year began. Nevertheless, the stocks have fallen -36.47% over the past one year. While a 52-week high of $1.99 was reached on 01/02/24, a 52-week low of $0.54 was recorded on 08/14/24. SMA at 50 days reached $0.8201, while 200 days put it at $0.8511.

Levels Of Support And Resistance For ONDS Stock

The 24-hour chart illustrates a support level at 0.7723, which if violated will result in even more drops to 0.7314. On the upside, there is a resistance level at 0.8370. A further resistance level may holdings at 0.8608. The Relative Strength Index (RSI) on the 14-day chart is 50.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0233, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.41%. Stochastics %K at 23.08% indicates the stock is a holding.

How much short interest is there in Ondas Holdings Inc?

A steep rise in short interest was recorded in Ondas Holdings Inc stocks on 2024-11-15, dropping by -0.56 million shares to a total of 1.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.35 million shares. There was a decline of -31.62%, which implies that there is a negative sentiment for the stock.

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