Ondas (NASDAQ:ONDS) Stock Price Up 5.6% – Should You Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) rose 5.6% on Thursday . The stock traded as high as $9.90 and last traded at $9.83. Approximately 43,389,618 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 83,906,234 shares. The stock had previously closed at $9.31.

Analysts Set New Price Targets

ONDS has been the subject of several research analyst reports. HC Wainwright set a $17.00 price objective on Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings raised Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Ondas in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Down 5.1%

The company has a market cap of $4.74 billion, a P/E ratio of 233.25 and a beta of 2.60. The company has a fifty day moving average of $10.15 and a 200 day moving average of $10.15.

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 return on equity of 14.17% and a net margin of 247.85%.The firm had revenue of $30.11 million during the quarter, compared to the consensus estimate of $27.49 million. As a group, research analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Insiders Place Their Bets

In other Ondas news, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total transaction of $98,300.00. Following the sale, the director owned 295,504 shares in the company, valued at approximately $2,904,804.32. This trade represents a 3.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the sale, the chief executive officer owned 3,583,010 shares in the company, valued at approximately $48,119,824.30. The trade was a 39.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 2,395,745 shares of company stock worth $32,109,380. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NFSG Corp boosted its stake in shares of Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after acquiring an additional 2,000 shares during the period. Western Wealth Management LLC bought a new position in shares of Ondas in the first quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of Ondas by 5,373.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after acquiring an additional 3,063 shares during the period. IFP Advisors Inc boosted its stake in shares of Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after acquiring an additional 2,892 shares during the period. Finally, AdvisorNet Financial Inc bought a new position in shares of Ondas in the first quarter worth about $35,000. 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.