Ondas (NASDAQ:ONDS) Stock Price Up 2% – Should You Buy?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price rose 2% during trading on Friday . The stock traded as high as $7.97 and last traded at $7.83. Approximately 116,637,380 shares changed hands during mid-day trading, an increase of 42% from the average session volume of 82,106,695 shares. The stock had previously closed at $7.68.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Glj Research set a $17.00 target price on shares of Ondas in a research report on Tuesday, March 10th. Weiss Ratings cut shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Needham & Company LLC restated a “buy” rating and set a $23.00 price objective on shares of Ondas in a research report on Tuesday, May 19th. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, HC Wainwright set a $17.00 price target on Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Trading Up 2.0%

The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 195.75 and a beta of 2.60. The company’s 50 day simple moving average is $10.04 and its 200-day simple moving average is $10.19.

Ondas (NASDAQ:ONDS) last issued its quarterly 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 14.17% and a net margin of 247.85%.The firm had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. Sell-side analysts anticipate that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling at Ondas

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the transaction, the director directly owned 264,853 shares in the company, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Randy Seidl sold 10,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, the director directly owned 295,504 shares in the company, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,395,745 shares of company stock worth $32,109,380. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Ondas by 39.9% in the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after buying an additional 5,351,725 shares during the period. Van ECK Associates Corp purchased a new position in shares of Ondas during the 4th quarter worth about $71,202,000. State Street Corp lifted its holdings in shares of Ondas by 130.2% during the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock worth $50,383,000 after acquiring an additional 2,920,071 shares during the period. Two Sigma Investments LP boosted its position in shares of Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after acquiring an additional 4,247,859 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Ondas by 22.3% in the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock valued at $41,558,000 after purchasing an additional 774,862 shares during the period. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

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.