Ondas (NASDAQ:ONDS) Shares Gap Up – Should You Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) shares gapped up prior to trading on Friday . The stock had previously closed at $12.82, but opened at $13.42. Ondas shares last traded at $12.4610, with a volume of 54,849,082 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ONDS. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Thursday, December 18th. Lake Street Capital boosted their price target on shares of Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a report on Monday, December 29th. Stifel Nicolaus boosted their target price on shares of Ondas from $13.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Needham & Company LLC raised their price target on shares of Ondas from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.17.

Ondas Price Performance

The company has a market capitalization of $4.82 billion, a P/E ratio of -31.18 and a beta of 2.40. The firm has a fifty day moving average price of $9.04 and a 200-day moving average price of $6.57.

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

Insiders Place Their Bets

In other news, Director Randy Seidl sold 21,520 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $204,009.60. Following the completion of the transaction, the director directly owned 212,470 shares of the company’s stock, valued at $2,014,215.60. This represents a 9.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Neil J. Laird sold 4,526 shares of Ondas stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $42,906.48. Following the completion of the sale, the chief financial officer directly owned 8,224 shares in the company, valued at $77,963.52. This trade represents a 35.50% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,406,605 shares of company stock valued at $12,109,365. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

A number of large investors have recently bought and sold shares of the company. IFP Advisors Inc lifted its position in shares of Ondas by 231.4% during the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares during the last quarter. Wexford Capital LP bought a new position in Ondas during the third quarter worth about $67,000. HBK Sorce Advisory LLC purchased a new position in shares of Ondas in the third quarter worth about $77,000. SG Americas Securities LLC bought a new stake in shares of Ondas in the third quarter valued at approximately $78,000. Finally, Shikiar Asset Management Inc. bought a new position in Ondas in the 3rd quarter worth approximately $85,000. 37.73% of the stock is owned by hedge funds and other 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.