Ondas (NASDAQ:ONDS) Shares Up 2.8% – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) shares traded up 2.8% during mid-day trading on Friday . The stock traded as high as $10.56 and last traded at $10.32. 45,400,046 shares were traded during trading, a decline of 47% from the average session volume of 85,571,078 shares. The stock had previously closed at $10.04.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Northland Securities boosted their price objective on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Zacks Research downgraded shares of Ondas from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Needham & Company LLC boosted their price objective on shares of Ondas from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Finally, Stifel Nicolaus boosted their price objective on shares of Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. One investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Ondas Trading Up 2.8%

The business’s 50-day moving average price is $10.05 and its 200 day moving average price is $9.48. 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 firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of -15.40 and a beta of 2.59.

Ondas (NASDAQ:ONDS) last posted its earnings results on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%.The firm had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. On average, equities analysts forecast 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 company. IFP Advisors Inc lifted its position in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in shares of Ondas during the first quarter worth $35,000. Avion Wealth lifted its position in shares of Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after purchasing an additional 2,000 shares in the last quarter. Federation des caisses Desjardins du Quebec lifted its position in shares of Ondas by 228.6% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after purchasing an additional 3,063 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Ondas by 1,005.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock worth $43,000 after purchasing an additional 4,000 shares in the last quarter. 37.73% of the stock is owned by institutional investors and hedge funds.

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.