Futures slip, bank earnings ahead, Powell to speak - what’s moving markets
Ondas Holdings Inc. stock reached a new 52-week high, peaking at 8.72 USD. With a market capitalization of $2.75 billion and a beta of 1.93, the stock has shown significant volatility. According to InvestingPro analysis, the company appears to be trading above its Fair Value. This milestone underscores a remarkable year for the company, which has seen its stock price surge by an impressive 998.92% over the past 12 months. The significant growth reflects investor confidence, supported by strong revenue growth of 75% and a healthy current ratio of 2.9. The stock continues to attract attention, and market watchers will be keen to see if this upward trajectory can be sustained. For deeper insights and 12 additional ProTips about Ondas Holdings, explore the comprehensive research available on InvestingPro.
In other recent news, Ondas Holdings Inc. has secured a $3.5 million order for unmanned ground vehicles (UGVs) and mission payloads from a major defense entity. This order includes Apeiro-branded rugged UGVs, which are intended to enhance the customer’s capabilities in security, logistics, and tactical operations. Additionally, Ondas Holdings has placed an initial order of 500 Wåsp drones from Rift Dynamics to launch U.S. defense market distribution through its subsidiary, American Robotics. The Wåsp drones are described as combat-ready and NDAA-compliant, designed to meet the U.S. Department of War’s requirements for affordable strike and perimeter defense platforms.
In other developments, Brigadier General Patrick Huston, a retired U.S. Army officer, has joined the advisory board of Ondas Autonomous Systems, a business unit of Ondas Holdings. His military career included commanding general roles and five combat tours in Iraq and Afghanistan. Furthermore, Karl Eze has been appointed as the Strategic Advisor for the United Kingdom for Ondas Capital, where he will provide strategic insight into the technology and defense sectors. These recent developments reflect Ondas Holdings’ ongoing efforts to expand its presence and capabilities in the defense sector.
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