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An update from Ondo InsurTech Plc ( (GB:ONDO) ) is now available.
Ondo InsurTech Plc has announced an update regarding its shares in issue and total voting rights, following the exercise of warrants that resulted in the issuance of 450,000 new ordinary shares. This update brings the company’s total issued share capital to 138,829,292 ordinary shares, each carrying one vote, which is crucial for shareholders to calculate their interests under the FCA’s rules.
The most recent analyst rating on (GB:ONDO) stock is a Hold with a £30.00 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 strong revenue growth but is significantly hampered by profitability and financial stability concerns. Technical indicators show some positive momentum, but valuation metrics are weak due to negative earnings. The lack of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:ONDO stock, click here.
More about Ondo InsurTech Plc
Ondo InsurTech Plc is a prominent player in the claims prevention technology sector, specifically catering to home insurers. The company focuses on developing innovative solutions to minimize insurance claims, thereby serving a niche market within the insurance industry.
Average Trading Volume: 657,007
Technical Sentiment Signal: Strong Buy
Current Market Cap: £46.5M
For a thorough assessment of ONDO stock, go to TipRanks’ Stock Analysis page.