Ondas (NASDAQ:ONDS) Stock Price Up 5.8% – Still a Buy?
by Amy Steele · The Cerbat GemOndas Holdings Inc. (NASDAQ:ONDS – Get Free Report)’s share price was up 5.8% during mid-day trading on Thursday . The company traded as high as $10.16 and last traded at $10.04. Approximately 35,376,637 shares were traded during trading, a decline of 59% from the average daily volume of 86,058,297 shares. The stock had previously closed at $9.49.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on ONDS shares. Weiss Ratings upgraded Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Oppenheimer upped their price objective on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Glj Research set a $17.00 price objective on Ondas in a research note on Tuesday, March 10th. Northland Securities upped their price objective on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Finally, Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One equities 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.25.
Get Our Latest Stock Report on ONDS
Ondas Price Performance
The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.84. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of -15.40 and a beta of 2.56. The business has a fifty day moving average of $10.05 and a two-hundred day moving average of $9.48.
Ondas (NASDAQ:ONDS – Get Free Report) last posted its 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 business had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%. As a group, research analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ONDS. Goldman Sachs Group Inc. increased its holdings in shares of Ondas by 444.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock worth $120,000 after acquiring an additional 91,732 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ondas by 57.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock worth $2,583,000 after acquiring an additional 490,239 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Ondas during the 2nd quarter worth approximately $152,000. Sei Investments Co. acquired a new position in shares of Ondas during the 2nd quarter worth approximately $3,086,000. Finally, HRT Financial LP acquired a new position in shares of Ondas during the 2nd quarter worth approximately $2,244,000. 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.