Ondas (NASDAQ:ONDS) Trading Up 4.4% – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) traded up 4.4% during mid-day trading on Tuesday . The stock traded as high as $8.72 and last traded at $8.8350. 11,354,983 shares traded hands during trading, a decline of 68% from the average session volume of 35,825,840 shares. The stock had previously closed at $8.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ONDS shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a research note on Monday, December 22nd. Lake Street Capital increased their price target on shares of Ondas from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Zacks Research cut shares of Ondas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, Loop Capital set a $10.00 target price on Ondas in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

Ondas Trading Up 8.1%

The company has a market capitalization of $3.42 billion, a P/E ratio of -22.89 and a beta of 2.42. The firm has a fifty day moving average of $7.58 and a 200 day moving average of $5.67.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $10.10 million for the quarter, compared to the consensus estimate of $7.04 million. Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. Sell-side analysts anticipate that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

Insider Activity at Ondas

In other news, Director Richard M. Cohen sold 25,861 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $9.48, for a total value of $245,162.28. Following the sale, the director directly owned 197,746 shares in the company, valued at approximately $1,874,632.08. This trade represents a 11.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Randy Seidl sold 21,520 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $204,009.60. Following the transaction, the director owned 212,470 shares of the company’s stock, valued at approximately $2,014,215.60. This trade represents a 9.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 931,605 shares of company stock worth $7,497,115 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Ondas by 109.9% in the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock valued at $103,567,000 after buying an additional 7,024,549 shares during the last quarter. Hood River Capital Management LLC purchased a new position in shares of Ondas during the second quarter worth $14,479,000. AWM Investment Company Inc. acquired a new position in Ondas during the second quarter valued at $11,123,000. Cresset Asset Management LLC grew its position in Ondas by 263.5% during the 2nd quarter. Cresset Asset Management LLC now owns 4,667,874 shares of the company’s stock worth $8,962,000 after purchasing an additional 3,383,629 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in Ondas by 1,325.9% during the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after buying an additional 4,247,859 shares in the last quarter. 37.73% of the stock is 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.