Ondas (NASDAQ:ONDS) Shares Up 5.6% – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price traded up 5.6% during trading on Thursday . The company traded as high as $9.90 and last traded at $9.83. 43,389,618 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 83,906,234 shares. The stock had previously closed at $9.31.

Analyst Ratings Changes

A number of research firms have issued reports on ONDS. Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Weiss Ratings upgraded shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Northland Securities lifted their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $23.00 target price on shares of Ondas in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ondas presently has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Trading Up 5.6%

The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 245.75 and a beta of 2.60. The stock has a fifty day simple moving average of $10.12 and a 200-day simple moving average of $10.14.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The business had revenue of $30.11 million during the quarter, compared to the consensus estimate of $27.49 million. Sell-side analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the sale, the director directly owned 264,853 shares in the company, valued at $2,516,103.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Randy Seidl sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the transaction, the director owned 295,504 shares in the company, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,395,745 shares of company stock worth $32,109,380 in the last ninety days. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Large investors have recently added to or reduced their stakes in the company. NFSG Corp lifted its position in shares of Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after acquiring an additional 2,000 shares during the period. Western Wealth Management LLC bought a new stake in shares of Ondas during the first quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its stake in shares of Ondas by 5,373.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after purchasing an additional 3,063 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in shares of Ondas in the first quarter valued at $35,000. Finally, 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 worth $39,000 after purchasing an additional 2,000 shares during the period. 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.