Ondas (NASDAQ:ONDS) Shares Gap Up – Time to Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) gapped up before the market opened on Wednesday . The stock had previously closed at $12.26, but opened at $12.98. Ondas shares last traded at $12.4320, with a volume of 45,593,500 shares.

Wall Street Analyst Weigh In

Several analysts have weighed in on ONDS shares. 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. Lake Street Capital lifted their price objective on shares of Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Needham & Company LLC upped their price objective on shares of Ondas from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Thursday, December 18th. Finally, HC Wainwright boosted their price target on shares of Ondas from $12.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. One investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.29.

Ondas Price Performance

The stock has a market capitalization of $4.38 billion, a P/E ratio of -25.90 and a beta of 2.40. The stock’s fifty day moving average is $10.18 and its two-hundred day moving average is $7.28.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $10.10 million for the quarter, compared to analyst estimates of $7.04 million. Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. Analysts expect that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Insider Transactions at Ondas

In other Ondas news, Director Randy Seidl sold 21,520 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $204,009.60. Following the sale, the director owned 212,470 shares in the company, valued at approximately $2,014,215.60. The trade was a 9.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jaspreet K. Sood sold 29,698 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $281,537.04. Following the completion of the transaction, the director owned 175,631 shares of the company’s stock, valued at approximately $1,664,981.88. The trade was a 14.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,406,605 shares of company stock worth $12,109,365 in the last three months. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Several institutional investors and hedge funds have recently added to or reduced their stakes in ONDS. SBI Securities Co. Ltd. lifted its holdings in shares of Ondas by 154.9% in the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock valued at $31,000 after purchasing an additional 9,904 shares in the last quarter. IFP Advisors Inc lifted its stake in Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after acquiring an additional 2,892 shares in the last quarter. Penbrook Management LLC acquired a new stake in Ondas during the 2nd quarter worth about $35,000. Exencial Wealth Advisors LLC purchased a new position in Ondas during the 2nd quarter valued at about $36,000. Finally, Trivium Point Advisory LLC purchased a new position in Ondas during the second quarter valued at approximately $38,000. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.