Traders Purchase High Volume of Ondas Call Options (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS) saw some unusual options trading activity on Thursday. Stock traders purchased 318,604 call options on the stock. This represents an increase of approximately 41% compared to the typical volume of 225,550 call options.

Ondas Stock Performance

ONDS traded up $2.29 on Thursday, hitting $11.15. 160,870,749 shares of the company traded hands, compared to its average volume of 82,852,711. The company has a 50 day moving average of $9.88 and a 200-day moving average of $9.54. The company has a quick ratio of 4.68, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $5.47 billion, a PE ratio of -16.42 and a beta of 2.56. Ondas has a 12-month low of $0.76 and a 12-month high of $15.28.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.88. Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%.The firm had revenue of $50.12 million during the quarter, compared to the consensus estimate of $39.36 million. Sell-side analysts anticipate that Ondas will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Ondas

A number of hedge funds and other institutional investors have recently bought and sold shares of ONDS. NFSG Corp grew its position in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after buying an additional 2,000 shares during the last quarter. IFP Advisors Inc lifted its position 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 purchasing an additional 2,892 shares during the period. AdvisorNet Financial Inc acquired a new stake in Ondas in the first quarter valued at about $35,000. Avion Wealth lifted its position in Ondas by 100.0% in the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after purchasing an additional 2,000 shares during the period. Finally, Federation des caisses Desjardins du Quebec lifted its position in Ondas by 228.6% in 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 during the period. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ONDS shares. Needham & Company LLC upped their price objective on shares of Ondas from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Oppenheimer upped their price objective on shares of Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Weiss Ratings raised Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Stifel Nicolaus increased their price objective on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, Northland Securities increased their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Ondas currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

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.