Ondas (NASDAQ:ONDS) Trading Up 10.5% – Should You Buy?

by · The Cerbat Gem

Shares of Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report) were up 10.5% during mid-day trading on Wednesday . The stock traded as high as $11.06 and last traded at $10.80. Approximately 91,779,681 shares were traded during trading, an increase of 10% from the average daily volume of 83,268,359 shares. The stock had previously closed at $9.77.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ONDS shares. HC Wainwright set a $17.00 target price on shares of Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday. Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 price target on shares of Ondas in a research note on Tuesday, May 19th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ondas has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Get Our Latest Research Report on Ondas

Ondas Stock Performance

The stock has a market capitalization of $5.35 billion, a PE ratio of 270.00 and a beta of 2.56. The stock’s 50 day moving average is $9.81 and its two-hundred day moving average is $9.73.

Ondas (NASDAQ:ONDSGet Free Report) last issued its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). The company had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. Equities research analysts expect that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Insider Transactions at Ondas

In other Ondas news, Director Randy Seidl sold 10,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the sale, the director owned 295,504 shares in the company, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of the sale, the director owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Ondas

Hedge funds have recently bought and sold shares of the business. NFSG Corp raised its holdings in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after acquiring an additional 2,000 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Ondas in the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its holdings in Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after acquiring an additional 3,063 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Ondas during the 1st quarter worth approximately $35,000. Finally, Avion Wealth increased its holdings in shares of Ondas by 100.0% during the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 37.73% of the company’s stock.

About Ondas

(Get Free Report)

Ondas Holdings, Inc (NASDAQ: ONDS) develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.

The company’s Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.

Further Reading