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An announcement from Ondo InsurTech Plc ( (GB:ONDO) ) is now available.
Ondo InsurTech Plc has announced an update on its Shares in Issue and Total Voting Rights, following the issuance of 216,833 new ordinary shares due to warrant exercises. This brings the total number of voting rights to 139,046,125, which shareholders can use as a denominator for calculating changes in their interests under FCA rules.
The most recent analyst rating on (GB:ONDO) stock is a Hold with a £28.00 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 is challenged by high leverage and negative equity. Technical analysis suggests potential bearish momentum, and the negative P/E ratio highlights profitability issues. The absence 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 operates in the claims prevention technology sector, primarily serving home insurers. The company focuses on developing innovative solutions to mitigate risks and reduce claims for insurance providers.
Average Trading Volume: 559,017
Technical Sentiment Signal: Buy
Current Market Cap: £40.95M
See more data about ONDO stock on TipRanks’ Stock Analysis page.