Ondas (NASDAQ:ONDS) Stock Price Up 9.9% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) shares shot up 9.9% on Tuesday . The stock traded as high as $12.47 and last traded at $12.26. 92,099,803 shares were traded during mid-day trading, a decline of 20% from the average session volume of 115,365,992 shares. The stock had previously closed at $11.16.

Analyst Upgrades and Downgrades

ONDS has been the topic of several research reports. Oppenheimer lifted their price objective on shares of 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 Thursday, December 18th. Needham & Company LLC boosted their price target on Ondas from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a research report on Monday, December 29th. Finally, Stifel Nicolaus lifted their target price on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.29.

Ondas Stock Down 8.1%

The business has a 50-day moving average price of $10.18 and a 200-day moving average price of $7.28. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of -28.18 and a beta of 2.40.

Ondas (NASDAQ:ONDS) last announced its earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share 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 business had revenue of $10.10 million for the quarter, compared to analysts’ expectations of $7.04 million. On average, equities research analysts forecast that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Insider Activity

In related news, Director Ron Stern sold 850,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $7.91, for a total value of $6,723,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric A. Brock sold 475,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the sale, the chief executive officer directly owned 1,461,255 shares in the company, valued at approximately $14,188,786.05. This represents a 24.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,406,605 shares of company stock valued at $12,109,365. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ondas

Several hedge funds have recently made changes to their positions in ONDS. SBI Securities Co. Ltd. raised its stake in Ondas by 154.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock worth $31,000 after acquiring an additional 9,904 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares during the last quarter. Penbrook Management LLC purchased a new position in shares of Ondas in the second quarter worth about $35,000. Exencial Wealth Advisors LLC acquired a new stake in shares of Ondas during the second quarter worth about $36,000. Finally, Trivium Point Advisory LLC purchased a new stake in Ondas in the second quarter valued at approximately $38,000. 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.