Ondas (NASDAQ:ONDS) Trading Up 10.9% – Should You Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) shot up 10.9% on Tuesday . The stock traded as high as $9.14 and last traded at $9.04. 58,345,678 shares were traded during trading, a decline of 40% from the average session volume of 96,728,367 shares. The stock had previously closed at $8.15.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Glj Research set a $17.00 price target on shares of Ondas in a research note on Tuesday, March 10th. Zacks Research cut shares of Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Needham & Company LLC increased their target price on shares of Ondas from $17.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. HC Wainwright set a $17.00 price target on shares of Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Finally, Lake Street Capital boosted their price target on shares of Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Up 8.9%

The firm has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $9.23. The company has a market cap of $4.39 billion, a price-to-earnings ratio of -14.29 and a beta of 2.47.

Ondas (NASDAQ:ONDS) last announced its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative return on equity of 69.00% and a negative net margin of 270.37%.The business had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. As a group, research analysts expect that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Institutional Investors Weigh In On Ondas

A number of institutional investors and hedge funds have recently made changes to their positions in ONDS. Avion Wealth grew its holdings 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 buying an additional 2,000 shares during the last quarter. IFP Advisors Inc raised its stake in 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 acquiring an additional 2,892 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Ondas by 1,005.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock worth $43,000 after acquiring an additional 4,000 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in Ondas by 228.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after acquiring an additional 3,063 shares during the period. Finally, American Capital Advisory LLC grew its stake in shares of Ondas by 4,600.0% in the 4th quarter. American Capital Advisory LLC now owns 4,700 shares of the company’s stock valued at $46,000 after purchasing an additional 4,600 shares during the last quarter. 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.