Ondas (NASDAQ:ONDS) Shares Up 2.5% – Here’s What Happened

by · The Cerbat Gem

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report)’s share price traded up 2.5% during trading on Wednesday . The company traded as high as $9.54 and last traded at $9.36. 42,836,952 shares were traded during mid-day trading, a decline of 49% from the average session volume of 83,707,438 shares. The stock had previously closed at $9.13.

Key Ondas News

Here are the key news stories impacting Ondas this week:

Analyst Ratings Changes

A number of analysts have recently commented on the company. Glj Research set a $17.00 price target on Ondas in a report on Tuesday, March 10th. Stifel Nicolaus boosted their price target on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Oppenheimer boosted their price target on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Lake Street Capital boosted their price target on Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Ondas currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Read Our Latest Report on Ondas

Ondas Stock Up 2.5%

The firm has a market cap of $4.64 billion, a P/E ratio of 234.00 and a beta of 2.56. The firm has a fifty day moving average of $9.88 and a 200-day moving average of $9.62.

Ondas (NASDAQ:ONDSGet Free Report) last announced its quarterly 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 14.17% and a net margin of 247.85%. On average, equities analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Hedge Funds Weigh In On Ondas

Institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp acquired a new position in shares of Ondas in the fourth quarter valued at approximately $71,202,000. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 7,024,549 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after purchasing an additional 4,247,859 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Ondas in the fourth quarter valued at approximately $33,473,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Ondas by 9,274.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock valued at $33,832,000 after purchasing an additional 3,429,398 shares during the last quarter. Institutional investors and hedge funds own 37.73% of the company’s stock.

Ondas Company Profile

(Get Free Report)

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.

Further Reading