ONDS
7.60USD
+0.20 (+2.70%)
52-week high $15.28
52-week low $4.95
Ondas rose 2.7 percent while the Nasdaq stayed flat, beating the market. The company announced it bought three defense firms for 56 million dollars to build an autonomous defense platform. This news helped lift the stock as other drone companies also gained.
Ondas acquires 3 defense firms for $56M
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The company is still unprofitable (net income is negative).
Revenue is up +605% vs last year — the business is scaling.
The core business is losing money at the operating line.
Price is 1% above the 1-month average, but still 4% below the 3-month average — short-term bounce, longer recovery still underway.
Over the last 3 months it is about 8% behind the market — the rally hasn't kept up.
Buying momentum has picked up over the last few days.
Today's is 1.8x the 20-day average and the stock is up — buyers are showing up.
A single day's movement doesn't change the long-term direction.
It's okay not to decide right now.
This content is compiled from publicly available data for reference only. It is not investment advice or a stock recommendation. All investment decisions and their outcomes are your own responsibility.