Ondas (NASDAQ:ONDS) Stock Price Up 1.7% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price rose 1.7% during trading on Wednesday . The stock traded as high as $11.61 and last traded at $11.06. Approximately 67,083,579 shares changed hands during trading, a decline of 25% from the average daily volume of 88,979,367 shares. The stock had previously closed at $10.87.

Wall Street Analyst Weigh In

ONDS has been the topic of several analyst reports. Glj Research set a $17.00 target price on Ondas in a report on Tuesday, March 10th. Oppenheimer raised their target price on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Zacks Research lowered Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Lake Street Capital raised their target price on Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Stifel Nicolaus raised their target price on Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.68. The firm has a fifty day simple moving average of $10.04 and a 200 day simple moving average of $9.49. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of -15.75 and a beta of 2.59.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a negative net margin of 270.37% and a negative return on equity of 53.14%. The business had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. On average, analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of Ondas

Several institutional investors have recently bought and sold shares of the business. Shikiar Asset Management Inc. grew its holdings in Ondas by 63.4% in the first quarter. Shikiar Asset Management Inc. now owns 16,750 shares of the company’s stock valued at $151,000 after purchasing an additional 6,500 shares during the period. Janney Montgomery Scott LLC grew its holdings in Ondas by 66.6% in the first quarter. Janney Montgomery Scott LLC now owns 75,119 shares of the company’s stock valued at $679,000 after purchasing an additional 30,026 shares during the period. Onyx Bridge Wealth Group LLC acquired a new stake in Ondas in the first quarter valued at approximately $190,000. Pictet Asset Management Holding SA grew its holdings in Ondas by 292.6% in the first quarter. Pictet Asset Management Holding SA now owns 188,869 shares of the company’s stock valued at $1,707,000 after purchasing an additional 140,761 shares during the period. Finally, RFG Advisory LLC purchased a new position in shares of Ondas in the first quarter valued at approximately $16,045,000. 37.73% of the stock is owned by institutional investors and hedge funds.

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.