Ondas (NASDAQ:ONDS) Trading Up 7% – Here’s What Happened
by Tristan Rich · The Markets DailyOndas Holdings Inc. (NASDAQ:ONDS – Get Free Report)’s stock price was up 7% during mid-day trading on Tuesday . The company traded as high as $14.05 and last traded at $14.11. Approximately 57,591,276 shares changed hands during trading, a decline of 47% from the average daily volume of 108,501,953 shares. The stock had previously closed at $13.19.
Analysts Set New Price Targets
A number of analysts have recently commented on ONDS shares. Zacks Research cut shares of Ondas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. HC Wainwright started coverage on Ondas in a research note on Monday, October 6th. They set a “buy” rating and a $12.00 price objective for the company. Needham & Company LLC increased their target price on Ondas from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Stifel Nicolaus lifted their price target on Ondas from $13.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Oppenheimer upgraded Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.17.
Read Our Latest Report on Ondas
Ondas Trading Up 5.3%
The stock has a market capitalization of $5.33 billion, a PE ratio of -34.73 and a beta of 2.40. The firm’s fifty day moving average is $8.57 and its 200-day moving average is $6.39.
Ondas (NASDAQ:ONDS – Get Free Report) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%.The company had revenue of $10.10 million during the quarter, compared to analyst estimates of $7.04 million. As a group, equities analysts predict that Ondas Holdings Inc. will post -0.53 EPS for the current year.
Insider Buying and Selling at Ondas
In related news, Director Richard M. Cohen sold 25,861 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $245,162.28. Following the sale, the director owned 197,746 shares in the company, valued at approximately $1,874,632.08. The trade was a 11.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ron Stern sold 850,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $7.91, for a total value of $6,723,500.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,406,605 shares of company stock valued at $12,109,365. Corporate insiders own 1.60% of the company’s stock.
Hedge Funds Weigh In On Ondas
Several institutional investors have recently modified their holdings of ONDS. IFP Advisors Inc increased its holdings in Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares during the last quarter. Wexford Capital LP acquired a new stake in shares of Ondas during the 3rd quarter worth about $67,000. HBK Sorce Advisory LLC purchased a new stake in Ondas during the third quarter worth approximately $77,000. SG Americas Securities LLC acquired a new position in Ondas in the third quarter valued at approximately $78,000. Finally, Shikiar Asset Management Inc. purchased a new position in Ondas in the third quarter valued at approximately $85,000. Institutional investors and hedge funds own 37.73% of the company’s stock.
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.