Ondas (NASDAQ:ONDS) Trading Up 5.8% – Time to Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) shot up 5.8% during trading on Thursday . The stock traded as high as $10.16 and last traded at $10.04. 35,376,637 shares traded hands during trading, a decline of 59% from the average session volume of 86,058,297 shares. The stock had previously closed at $9.49.

Wall Street Analyst Weigh In

Several brokerages recently commented on ONDS. Northland Securities upped their price target on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Lake Street Capital upped their price target on shares of Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Oppenheimer upped their price target on shares of Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Glj Research set a $17.00 price target on shares of Ondas in a research report on Tuesday, March 10th. Finally, Stifel Nicolaus upped their price target on shares of Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Ondas has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Stock Up 5.8%

The firm’s 50 day moving average price is $10.07 and its two-hundred day moving average price is $9.48. The company has a quick ratio of 4.68, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.84 billion, a PE ratio of -14.99 and a beta of 2.59.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ONDS. Van ECK Associates Corp bought a new position in Ondas during the 4th quarter valued at $71,202,000. Vanguard Group Inc. boosted its stake in Ondas by 109.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock valued at $103,567,000 after acquiring an additional 7,024,549 shares during the last quarter. Two Sigma Investments LP boosted its stake in Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after acquiring an additional 4,247,859 shares during the last quarter. Marshall Wace LLP bought a new position in Ondas during the 4th quarter valued at $33,473,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Ondas by 9,274.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock valued at $33,832,000 after acquiring an additional 3,429,398 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors.

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.