Ondas (NASDAQ:ONDS) Hits New 52-Week High – Time to Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $15.28 and last traded at $13.4970, with a volume of 26328907 shares traded. The stock had previously closed at $13.69.

Analyst Upgrades and Downgrades

ONDS has been the topic of a number of research analyst reports. Zacks Research lowered Ondas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Stifel Nicolaus raised their target price on shares of Ondas from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Monday. Lake Street Capital upped their price target on shares of Ondas from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Loop Capital set a $10.00 price objective on shares of Ondas in a report on Wednesday, November 26th. Finally, Oppenheimer raised Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.17.

Ondas Price Performance

The stock has a market capitalization of $4.97 billion, a P/E ratio of -32.39 and a beta of 2.40. The stock’s fifty day moving average is $8.43 and its two-hundred day moving average is $6.31.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $10.10 million for the quarter, compared to analyst estimates of $7.04 million. Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. Analysts expect that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Insider Transactions at Ondas

In other Ondas news, Director Randy Seidl sold 21,520 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $204,009.60. Following the sale, the director owned 212,470 shares in the company, valued at approximately $2,014,215.60. The trade was a 9.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jaspreet K. Sood sold 29,698 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $281,537.04. Following the completion of the transaction, the director owned 175,631 shares of the company’s stock, valued at approximately $1,664,981.88. The trade was a 14.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,406,605 shares of company stock worth $12,109,365 in the last three months. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Several institutional investors and hedge funds have recently modified their holdings of ONDS. SG Americas Securities LLC increased its position in Ondas by 82.0% in the 4th quarter. SG Americas Securities LLC now owns 18,395 shares of the company’s stock worth $180,000 after purchasing an additional 8,290 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Ondas by 3.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 196,253 shares of the company’s stock valued at $1,915,000 after acquiring an additional 6,302 shares in the last quarter. Parisi Gray Wealth Management lifted its stake in Ondas by 21.9% in the fourth quarter. Parisi Gray Wealth Management now owns 64,403 shares of the company’s stock valued at $629,000 after acquiring an additional 11,569 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ondas by 3,558,617.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock worth $15,935,000 after purchasing an additional 2,063,998 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in shares of Ondas during the 3rd quarter valued at $184,000. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.