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Richard M. Cohen, a director at Ondas Holdings Inc. (NASDAQ:ONDS), recently executed a series of stock transactions involving the company’s common stock. The transactions come at a time when the company’s stock, currently trading at $0.70, sits near its 52-week low of $0.54, having declined about 73% year-to-date. On March 20, Cohen acquired 21,035 shares of Ondas Holdings common stock through the vesting of Restricted Stock Units (RSUs). This acquisition was executed at no cost, as each RSU represents a contingent right to receive one share of common stock.
Following this, on March 21, Cohen sold 7,717 shares of the company’s stock at a price of $0.68 per share. This sale generated a total of $5,247. The sale was conducted to cover tax liabilities associated with the vesting of the RSUs. According to InvestingPro, the stock’s RSI suggests oversold conditions, while the company’s market capitalization stands at $74.3 million.
After these transactions, Cohen holds 169,387 shares of Ondas Holdings common stock. InvestingPro analysis reveals 12 additional investment tips for ONDS, along with comprehensive financial metrics and Fair Value assessment in the Pro Research Report, helping investors make more informed decisions about this volatile stock.
In other recent news, Ondas Holdings reported its financial results for the fourth quarter of 2024, revealing a revenue of $4.1 million, which fell short of the forecasted $5.75 million. This represents an 18% year-over-year decline for the quarter and a 54% decrease for the full year, totaling $7.2 million. The company also reported a full-year adjusted EBITDA loss of $28.5 million and ended the year with a cash position of $30 million. Despite these challenges, Ondas Holdings projects a total revenue of $25 million for 2025, driven by its Ondas Autonomous Systems (OAS) segment.
The company plans to continue its investments in AI and autonomous technologies, aiming to expand its presence in military and homeland security markets. Ondas Holdings has also announced a strategic partnership with Palantir Technologies (NASDAQ:PLTR) to leverage its Foundry AI platform for operational efficiencies. Additionally, the company has fortified its capital position by raising $35 million in the fourth quarter alone. These developments come as Ondas Holdings continues to face operational challenges, including converting backlog into revenue and potential supply chain disruptions.
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