Ondas (NASDAQ:ONDS) Trading Up 1.9% – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price was up 1.9% on Friday . The stock traded as high as $9.09 and last traded at $9.06. Approximately 33,516,331 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 83,415,539 shares. The stock had previously closed at $8.89.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ONDS shares. Lake Street Capital lifted their price target on shares of Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Needham & Company LLC boosted their target price on shares of Ondas from $17.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Zacks Research cut shares of Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. HC Wainwright set a $17.00 target price on shares of Ondas and gave the company a “buy” rating in a report on Tuesday, March 10th. Finally, Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Trading Up 1.9%

The company has a market cap of $4.42 billion, a P/E ratio of -13.52 and a beta of 2.56. The stock’s 50 day moving average is $9.99 and its 200-day moving average is $9.48. The company has a current ratio of 4.84, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). The firm 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%. Research analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ondas

A number of hedge funds have recently bought and sold shares of ONDS. Van ECK Associates Corp bought a new position in Ondas in the 4th quarter worth about $71,202,000. Vanguard Group Inc. boosted its stake in Ondas by 109.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after purchasing an additional 7,024,549 shares in the last quarter. Two Sigma Investments LP boosted its stake in Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after purchasing an additional 4,247,859 shares in the last quarter. Marshall Wace LLP bought a new position in Ondas in the 4th quarter worth about $33,473,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Ondas by 9,274.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock worth $33,832,000 after purchasing an additional 3,429,398 shares in the last quarter. 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.