Ondas (NASDAQ:ONDS) Stock Price Up 1.6% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS) shares traded up 1.6% during trading on Thursday . The stock traded as high as $9.46 and last traded at $9.27. 63,147,582 shares changed hands during trading, a decline of 24% from the average daily volume of 82,705,047 shares. The stock had previously closed at $9.12.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Glj Research set a $17.00 price target on shares of Ondas in a report on Tuesday, March 10th. Weiss Ratings upgraded shares of Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 9th. Northland Securities increased their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Stock Up 2.0%

The business has a 50-day simple moving average of $10.13 and a 200-day simple moving average of $10.18. The stock has a market cap of $4.81 billion, a P/E ratio of 232.50 and a beta of 2.60.

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

Insider Activity at Ondas

In related news, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the transaction, the chief executive officer directly owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. This trade represents a 39.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of the transaction, the director owned 264,853 shares in the company, valued at $2,516,103.50. This trade represents a 2.75% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,395,745 shares of company stock worth $32,109,380. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Ondas

Institutional investors have recently made changes to their positions in the business. NFSG Corp boosted its stake in Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after purchasing an additional 2,000 shares during the period. Western Wealth Management LLC bought a new position in Ondas in the 1st quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its position in Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after buying an additional 3,063 shares during the period. AdvisorNet Financial Inc bought a new position in Ondas in the 1st quarter worth approximately $35,000. Finally, Avion Wealth lifted its holdings in shares of Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after buying an additional 2,000 shares during the last quarter. 37.73% of the stock is currently 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.