Ondas (NASDAQ:ONDS) Sets New 52-Week High – Still a Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $11.74 and last traded at $11.5670, with a volume of 38465279 shares changing hands. The stock had previously closed at $11.02.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ONDS shares. Zacks Research lowered Ondas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Stifel Nicolaus set a $13.00 target price on Ondas and gave the stock a “buy” rating in a research note on Monday, December 15th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a report on Thursday, December 18th. Needham & Company LLC increased their price target on shares of Ondas from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, HC Wainwright started coverage on shares of Ondas in a research report on Monday, October 6th. They issued a “buy” rating and a $12.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.50.

Ondas Stock Performance

The stock has a market cap of $4.56 billion, a P/E ratio of -30.45 and a beta of 2.40. The stock has a 50-day moving average price of $8.13 and a 200-day moving average price of $6.11.

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). Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%.The company had revenue of $10.10 million during the quarter, compared to the consensus estimate of $7.04 million. Sell-side analysts forecast that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Insider Activity

In other Ondas news, Director Jaspreet K. Sood sold 29,698 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $281,537.04. Following the sale, the director owned 175,631 shares in the company, valued at $1,664,981.88. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard M. Cohen sold 25,861 shares of Ondas stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $245,162.28. Following the sale, the director directly owned 197,746 shares of the company’s stock, valued at approximately $1,874,632.08. This trade represents a 11.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,406,605 shares of company stock worth $12,109,365. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Several hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its stake in shares of Ondas by 231.4% during the third 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. RiverGlades Family Offices LLC boosted 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 acquiring an additional 5,400 shares during the period. Wexford Capital LP bought a new position in Ondas during the 3rd quarter worth approximately $67,000. SBI Securities Co. Ltd. grew its position in Ondas by 154.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock worth $31,000 after acquiring an additional 9,904 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC increased its stake in Ondas by 61.5% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 26,250 shares of the company’s stock worth $203,000 after purchasing an additional 10,000 shares during the period. 37.73% of the stock is 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.