Ondas (NASDAQ:ONDS) Shares Gap Up Following Better-Than-Expected Earnings

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $8.86, but opened at $9.99. Ondas shares last traded at $9.7810, with a volume of 52,161,473 shares.

The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.88. The firm had revenue of $50.12 million for the quarter, compared to analysts’ expectations of $39.36 million. Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ONDS shares. Oppenheimer increased 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. Needham & Company LLC lifted their price target on Ondas from $17.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Glj Research set a $17.00 price objective on shares of Ondas in a report on Tuesday, March 10th. Weiss Ratings upgraded shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Institutional Investors Weigh In On Ondas

Institutional investors and hedge funds have recently made changes to their positions in the company. NFSG Corp boosted its holdings in Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after acquiring an additional 2,000 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in Ondas during the 1st quarter worth about $35,000. Avion Wealth lifted its position in Ondas by 100.0% during the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after purchasing an additional 2,000 shares during the period. IFP Advisors Inc lifted its position in 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 purchasing an additional 2,892 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Ondas by 1,005.0% in the 4th 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 last quarter. Institutional investors own 37.73% of the company’s stock.

Ondas Stock Up 14.1%

The firm’s 50 day moving average price is $9.88 and its 200-day moving average price is $9.54. 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 company has a market cap of $4.95 billion, a P/E ratio of -15.09 and a beta of 2.56.

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.