Ondas (NASDAQ:ONDS) Trading Up 2.8% – Still a Buy?
by Kim Johansen · The Markets DailyOndas Holdings Inc. (NASDAQ:ONDS – Get Free Report) shares shot up 2.8% during mid-day trading on Monday . The stock traded as high as $8.19 and last traded at $8.02. Approximately 66,043,527 shares traded hands during trading, a decline of 24% from the average session volume of 86,350,055 shares. The stock had previously closed at $7.80.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Weiss Ratings upgraded shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 8th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Needham & Company LLC cut their price objective on shares of Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.75.
Read Our Latest Analysis on Ondas
Ondas Trading Up 2.8%
The company has a fifty day simple moving average of $8.97 and a 200-day simple moving average of $9.96. The company has a market capitalization of $4.25 billion, a PE ratio of 200.50 and a beta of 2.69.
Insider Activity
In other Ondas news, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total transaction of $98,300.00. Following the transaction, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of the business’s 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 transaction, the director owned 264,853 shares in the company, valued at $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. 1.67% of the stock is currently owned by insiders.
Institutional Trading of Ondas
A number of hedge funds and other institutional investors have recently made changes to their positions in ONDS. NFSG Corp raised its position in shares of Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after buying an additional 2,000 shares during the period. Western Wealth Management LLC acquired a new stake in Ondas during the first quarter worth $28,000. EverSource Wealth Advisors LLC increased its stake in Ondas by 5,373.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after acquiring an additional 3,063 shares during the last quarter. IFP Advisors Inc raised its position in Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares during the period. Finally, AdvisorNet Financial Inc acquired a new position in shares of Ondas in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 37.73% of the company’s stock.
Ondas Company Profile
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.
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