Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Ondo InsurTech Plc ( (GB:ONDO) ) has provided an update.
Ondo InsurTech Plc has provided an update on its block listing facility for ordinary shares established in July 2023 to cover the potential issue of shares arising from the exercise of various warrant instruments. Out of a total 33,037,918 ordinary shares originally block listed, warrants relating to 30,626,255 shares have either been exercised or lapsed, leaving the company with a single remaining warrant programme linked to 5,191,669 fund-raising warrants issued in May 2023, of which 2,411,663 warrants remain unexercised and available for exercise on or before 22 May 2026. The update clarifies the current level of potential dilution under the existing warrant scheme and provides investors with greater visibility over Ondo’s outstanding equity-linked obligations.
The most recent analyst rating on (GB:ONDO) stock is a Sell with a £16.00 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 weak financial performance and technical analysis indicators, both of which suggest significant challenges. However, positive corporate events, including successful fundraising and strategic expansions, provide some optimism for future growth.
To see Spark’s full report on GB:ONDO stock, click here.
More about Ondo InsurTech Plc
Ondo InsurTech Plc is a UK-listed insurance technology company focused on developing and deploying digital solutions for the insurance industry. Its activities centre on products and services that support insurers and policyholders, with its shares traded on the London Stock Exchange under the ticker ONDO.
Average Trading Volume: 943,798
Technical Sentiment Signal: Sell
Current Market Cap: £26.97M
For detailed information about ONDO stock, go to TipRanks’ Stock Analysis page.