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The latest announcement is out from Ondo InsurTech Plc ( (GB:ONDO) ).
Ondo InsurTech Plc has announced the launch of a WRAP Retail Offer to raise up to £0.20 million through the issuance of new ordinary shares. This initiative is part of a broader fundraising effort, including a Placing and Subscription to raise approximately £2.28 million. The WRAP Retail Offer is targeted at existing retail shareholders in the UK, offering them shares at a discounted price. The funds raised will support the company’s ongoing operations and strategic initiatives, enhancing its market position and providing growth opportunities for stakeholders.
The most recent analyst rating on (GB:ONDO) stock is a Hold with a £31.00 price target. To see the full list of analyst forecasts on Ondo InsurTech Plc stock, see the GB:ONDO Stock Forecast page.
Spark’s Take on GB:ONDO Stock
According to Spark, TipRanks’ AI Analyst, GB:ONDO is a Neutral.
Ondo InsurTech Plc’s overall stock score is primarily impacted by its financial performance, which is a major concern due to negative profitability and high leverage. Technical analysis provides a neutral outlook, while valuation metrics highlight ongoing financial challenges.
To see Spark’s full report on GB:ONDO stock, click here.
More about Ondo InsurTech Plc
Ondo InsurTech Plc is a prominent player in the claims prevention technology sector for home insurers. The company focuses on providing innovative solutions to mitigate risks and reduce claims for home insurance providers.
Average Trading Volume: 697,796
Technical Sentiment Signal: Buy
Current Market Cap: £41.71M
For a thorough assessment of ONDO stock, go to TipRanks’ Stock Analysis page.