Ondas (NASDAQ:ONDS) Stock Price Up 1.3% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS) traded up 1.3% during mid-day trading on Tuesday . The stock traded as high as $11.29 and last traded at $10.87. 79,177,343 shares were traded during mid-day trading, a decline of 11% from the average session volume of 89,291,750 shares. The stock had previously closed at $10.73.

Analyst Ratings Changes

A number of brokerages recently weighed in on ONDS. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a report on Friday, March 27th. Needham & Company LLC lifted their price objective on Ondas from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, Glj Research set a $17.00 price target on shares of Ondas in a report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Trading Up 1.3%

The firm has a market capitalization of $5.24 billion, a P/E ratio of -16.22 and a beta of 2.59. The company has a current ratio of 4.84, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $9.95 and a 200-day simple moving average of $9.47.

Ondas (NASDAQ:ONDS) last issued 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). The business had revenue of $30.11 million during the quarter, compared to the consensus estimate of $27.49 million. Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%. On average, equities research analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ONDS. IFP Advisors Inc grew its position in shares of Ondas by 231.4% during the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after acquiring an additional 2,892 shares during the period. AdvisorNet Financial Inc bought a new position in Ondas in the 1st quarter worth $35,000. Avion Wealth lifted its position in Ondas by 100.0% during 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 in the last quarter. Federation des caisses Desjardins du Quebec lifted its position in Ondas by 228.6% during 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Ondas by 1,005.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock valued at $43,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors 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.