Ondas Holdings ( (ONDS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Ondas Holdings shares surged on strong technical momentum and heavy trading after the company filed a prospectus to register the resale of shares tied to its Sentry CS acquisition and announced an upcoming investor day. The rally comes despite analysts warning about Ondas’s weak financials, including continued losses and negative operating cash flow. Management is trying to counter these concerns with guidance for rapid revenue growth and a growing order backlog, though the new resale registration could increase future share supply and weigh on the stock’s valuation over time.
More about Ondas Holdings
YTD Price Performance: 24.80%
Average Trading Volume: 87,403,705
Technical Sentiment Signal: Buy
Current Market Cap: $4.89B
For further insights into ONDS stock on TipRanks’ Stock Analysis page.
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