Ondas Holdings ( (ONDS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Forget margin or options. Here's how the pros trade ONDSOndas Holdings shares jumped after the company announced a major new contract win. Investors reacted to news that its smart demining division, 4M Defense, secured a significant, multi-year demining program in Israel worth more than $30 million.
The project will be carried out in stages, with an initial execution period of up to three years. The agreement also includes options to extend the duration and expand the scope of work, which could further boost Ondas Holdings’ future revenue visibility and growth expectations.
More about Ondas Holdings
YTD Price Performance: -0.72%
Average Trading Volume: 103,825,503
Technical Sentiment Signal: Buy
Current Market Cap: $4.09B
For further insights into ONDS stock on TipRanks’ Stock Analysis page.
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