Ondas (NASDAQ:ONDS) Trading 7.3% Higher – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) shares were up 7.3% during trading on Monday . The company traded as high as $11.06 and last traded at $10.73. Approximately 93,863,983 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 89,421,922 shares. The stock had previously closed at $10.00.

Analyst Ratings Changes

ONDS has been the subject of several recent analyst reports. Oppenheimer raised their target price on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Zacks Research cut Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Glj Research set a $17.00 price objective on Ondas in a research report on Tuesday, March 10th. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the company a “buy” rating in a report on Tuesday, March 10th. Finally, Needham & Company LLC boosted their price objective on shares of Ondas from $17.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Up 1.7%

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 business has a 50 day simple moving average of $9.97 and a 200 day simple moving average of $9.47. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of -16.51 and a beta of 2.59.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc acquired a new position in shares of Ondas in the first quarter valued at approximately $35,000. Avion Wealth boosted its holdings in Ondas by 100.0% in 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 during the period. IFP Advisors Inc boosted its holdings in Ondas by 231.4% in the third 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. Steward Partners Investment Advisory LLC boosted its holdings in Ondas by 1,005.0% in 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. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in Ondas by 228.6% in 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 during the period. Institutional investors and hedge funds own 37.73% of the company’s stock.

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.