Ondas (NASDAQ:ONDS) Shares Gap Up – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $12.26, but opened at $12.98. Ondas shares last traded at $12.4320, with a volume of 45,593,500 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Lake Street Capital increased their target price on shares of Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Northland Securities set a $16.00 target price on shares of Ondas in a research note on Tuesday, January 20th. Oppenheimer increased their price target on shares of Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Needham & Company LLC upped their target price on Ondas from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Stifel Nicolaus increased their target price on Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ondas presently has an average rating of “Moderate Buy” and a consensus target price of $17.29.

Ondas Price Performance

The firm’s 50 day moving average price is $9.98 and its 200-day moving average price is $7.22. The stock has a market cap of $5.27 billion, a P/E ratio of -31.27 and a beta of 2.40.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. The business had revenue of $10.10 million during the quarter, compared to the consensus estimate of $7.04 million. On average, analysts expect that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Ron Stern sold 850,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $7.91, for a total transaction of $6,723,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard M. Cohen sold 25,861 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $245,162.28. Following the completion of the transaction, the director directly owned 197,746 shares in the company, valued at approximately $1,874,632.08. This represents a 11.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,406,605 shares of company stock valued at $12,109,365 in the last 90 days. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ONDS. Avion Wealth lifted its position in shares of 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 acquiring an additional 2,000 shares in the last quarter. IFP Advisors Inc boosted its stake in Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares during the period. RiverGlades Family Offices LLC grew its holdings in Ondas by 54.0% during the 3rd quarter. RiverGlades Family Offices LLC now owns 15,400 shares of the company’s stock valued at $119,000 after buying an additional 5,400 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Ondas by 3.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 196,253 shares of the company’s stock worth $1,915,000 after acquiring an additional 6,302 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Ondas by 82.0% in the fourth quarter. SG Americas Securities LLC now owns 18,395 shares of the company’s stock worth $180,000 after purchasing an additional 8,290 shares during the period. 37.73% of the stock is owned by hedge funds and other institutional investors.

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.