Ondas (NASDAQ:ONDS) Trading Up 9% – Should You Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) shares were up 9% on Thursday . The company traded as high as $9.63 and last traded at $9.60. Approximately 70,432,370 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 95,796,727 shares. The stock had previously closed at $8.81.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ONDS shares. Zacks Research lowered shares of Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Oppenheimer upped their price target on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Stifel Nicolaus raised their price objective on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Finally, Needham & Company LLC boosted their target price on Ondas from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. One 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Trading Up 9.0%

The firm has a market capitalization of $4.39 billion, a P/E ratio of -14.33 and a beta of 2.47. The business’s 50 day simple moving average is $10.28 and its two-hundred day simple moving average is $9.23.

Ondas (NASDAQ:ONDS) last issued its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a negative return on equity of 69.00% and a negative net margin of 270.37%.The firm had revenue of $30.11 million during the quarter, compared to the consensus estimate of $27.49 million. Analysts predict that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Ondas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC boosted its stake in Ondas by 3.8% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after purchasing an additional 1,000 shares during the last quarter. Avion Wealth raised its stake in shares of Ondas by 100.0% in the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after purchasing an additional 2,000 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. Global Retirement Partners LLC raised its stake in shares of Ondas by 30.0% in the fourth quarter. Global Retirement Partners LLC now owns 13,000 shares of the company’s stock worth $127,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its holdings in shares of Ondas by 228.6% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock valued at $43,000 after purchasing an additional 3,063 shares in the last quarter. 37.73% of the stock is owned by 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.