• Like
  • 1
  • Favorite

Stock Track | Ondas Holdings Soars 5.06% Intraday on $30 Million Demining Contract Win and Positive Analyst Coverage

Stock Track02-09 22:45

Ondas Holdings Inc. (ONDS) saw its stock price soar 5.06% during intraday trading on Monday, following the announcement of a significant contract award for its subsidiary and reaffirmed positive analyst sentiment.

The surge comes after the company announced that its smart demining subsidiary, 4M Defense, secured a multi-year demining program in Israel valued at over $30 million. The project, covering approximately 741 acres along the Israel-Syria border, represents one of the largest land-clearance efforts in Israel and is expected to be executed over an initial period of up to three years, with options for extensions.

Adding to the positive momentum, Lake Street analyst Max Michaelis maintained a Buy rating on Ondas Holdings with a price target of $19.00. The combination of a substantial new revenue-generating contract and continued analyst confidence appears to be driving investor interest in the stock during the trading session.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment1

  • The stock has been stuck for a month with sells on a bit of good news. Ondas needs to improve its fundamentals probably for price to move.
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24