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Ondo InsurTech Plc ( (GB:ONDO) ) has shared an update.
Ondo InsurTech Plc has announced a new two-year agreement with Admiral, a top UK home insurance provider, to deploy an additional 10,000 LeakBot devices in 2025. This deployment aims to help Admiral mitigate water damage risks and improve service for its policyholders, reinforcing Ondo’s position in the industry as a key player in claims prevention technology.
The most recent analyst rating on (GB:ONDO) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Ondo InsurTech Plc stock, see the GB:ONDO Stock Forecast page.
Spark’s Take on GB:ONDO Stock
According to Spark, TipRanks’ AI Analyst, GB:ONDO is a Neutral.
Ondo InsurTech Plc’s overall stock score is primarily impacted by its financial performance, which shows strong revenue growth but significant challenges in profitability and financial stability. The technical analysis provides some positive momentum, but the valuation is weak due to a negative P/E ratio and lack of dividends. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:ONDO stock, click here.
More about Ondo InsurTech Plc
Ondo InsurTech Plc is a leading provider of claims prevention technology for home insurers, focusing on the global expansion of LeakBot. This technology helps prevent water damage claims, which are the largest cause of home insurance claims, by detecting leaks and notifying customers through an app. Ondo partners with 25 insurance carriers across Europe and the USA and holds the London Stock Exchange Green Economy Mark.
Average Trading Volume: 584,399
Technical Sentiment Signal: Buy
Current Market Cap: £40.48M
See more data about ONDO stock on TipRanks’ Stock Analysis page.