Ondas Inc. (NASDAQ:ONDS) is one of the 11 Stocks Racking Up Monstrous Gains.
Ondas extended its winning streak to a third consecutive day on Thursday, surging 22.7 percent to finish at $13.25 apiece, as investors took heart from Oppenheimer’s reaffirmed bullish rating for its stock.
In a market note, Oppenheimer maintained its “buy” recommendation and price target of $16 for shares of Ondas Inc. (NASDAQ:ONDS), or an implied 20.7 percent upside potential from its latest closing price.
Photo from Ondas
The coverage coincided with Ondas Inc.’s (NASDAQ:ONDS) annual stockholders’ meeting held on the same day, where all company resolutions were said to have secured shareholder approval, including the amendment to the 2021 Stock Incentive Plan, which would increase the number of shares to 81 million from 61 million at present.
“Everything passed. It was a public event. Grateful for the support of shareholders. We have a lot of hard work ahead. We will file an 8k [filing] later, of course,” Ondas Inc. (NASDAQ:ONDS) CEO Eric Brock said in a social media post following the event.
In other news, the company told the Securities and Exchange Commission on the same day that certain shareholders have expressed an intention to sell more than 2.7 million shares in the company. The sellers are expected to implement sales on the Nasdaq from time to time.
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