r/stocks
What’s the verdict on onds?
Author buys the dip on ONDS citing strong revenue and a Palantir contract, despite recent price drops and dilution risks.
- Exceeded revenue expectations.
- Secured notable contracts including with Palantir.
- Analysts maintain strong buy ratings.
- Stock price has dropped significantly from $13 to $8.
- Risk of future stock dilution.
Obviously it’s been dipping hard. Went from $13 down to $8 today. The onds sub is crying about it and everyone says it’s the end of the world but most anylysts are still maintaining a strong buy position. The company has far exceeded revenue expectations and has gotten some decent contracts including with palantir.
What’s your take? Buy and hold? I dumped another $500 in today to bring my average down, as far as Im concerned it’s gonna bleed for awhile but the company is going places and the stock price will go back up. But there’s the dilution factor too.
So im just curious what other people are doing atm. What are your thoughts on onds and its outlook for the next year or so?