Ondas (NASDAQ:ONDS) Trading Up 10.9% – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS) shares traded up 10.9% during mid-day trading on Tuesday . The company traded as high as $9.14 and last traded at $9.04. 58,345,678 shares were traded during mid-day trading, a decline of 40% from the average session volume of 96,728,367 shares. The stock had previously closed at $8.15.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ONDS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a report on Friday. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Thursday, December 18th. Zacks Research lowered Ondas from a “hold” rating to a “strong sell” rating in a research report on Friday. Needham & Company LLC lifted their target price on Ondas from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Finally, Oppenheimer increased their price target on shares of Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Stock Up 10.9%

The stock’s 50 day moving average price is $10.44 and its two-hundred day moving average price is $9.22. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of -13.49 and a beta of 2.47.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative net margin of 270.37% and a negative return on equity of 69.00%. The firm had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. On average, equities analysts expect that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

Insider Activity

In related news, CEO Eric A. Brock sold 475,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total value of $4,612,250.00. Following the completion of the sale, the chief executive officer owned 1,461,255 shares of the company’s stock, valued at approximately $14,188,786.05. The trade was a 24.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Ondas

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Ondas by 39.9% during the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after purchasing an additional 5,351,725 shares during the last quarter. Hood River Capital Management LLC acquired a new stake in shares of Ondas in the 2nd quarter valued at $14,479,000. Van ECK Associates Corp acquired a new stake in shares of Ondas in the 4th quarter valued at $71,202,000. AWM Investment Company Inc. bought a new stake in Ondas in the second quarter worth $11,123,000. Finally, State Street Corp increased its position in Ondas by 130.2% during the fourth quarter. State Street Corp now owns 5,162,151 shares of the company’s stock worth $50,383,000 after buying an additional 2,920,071 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors and hedge funds.

About Ondas

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.