Ondas (NASDAQ:ONDS) Trading 11.5% Higher – Should You Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) shot up 11.5% during trading on Tuesday . The company traded as high as $7.87 and last traded at $7.66. Approximately 282,651,771 shares were traded during trading, an increase of 230% from the average daily volume of 85,687,945 shares. The stock had previously closed at $6.87.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Needham & Company LLC dropped their target price on Ondas from $23.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings raised Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Ondas Trading Up 1.3%

The company has a market capitalization of $4.29 billion, a PE ratio of 203.92 and a beta of 2.69. The firm’s 50-day simple moving average is $9.09 and its 200-day simple moving average is $10.01.

Insider Activity at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the transaction, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the sale, the director directly owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. This trade represents a 3.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 2,395,745 shares of company stock worth $32,109,380. Company insiders own 1.67% of the company’s stock.

Institutional Trading of Ondas

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Ondas by 3,558,617.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock worth $15,935,000 after purchasing an additional 2,063,998 shares during the period. CloudAlpha Capital Management Limited Hong Kong purchased a new position in Ondas during the fourth quarter valued at approximately $6,734,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Ondas in the fourth quarter worth approximately $1,052,000. Legal & General Group Plc bought a new position in Ondas in the fourth quarter worth approximately $14,215,000. Finally, Vanguard Group Inc. lifted its holdings in Ondas by 39.9% during the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after buying an additional 5,351,725 shares during the period. 37.73% of the stock is owned by hedge funds and other institutional investors.

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.