Ondas (NASDAQ:ONDS) Trading Up 8.1% – Here’s What Happened

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) traded up 8.1% during mid-day trading on Wednesday . The stock traded as high as $7.63 and last traded at $7.61. Approximately 78,185,382 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 83,895,086 shares. The stock had previously closed at $7.04.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ONDS shares. Wall Street Zen cut Ondas from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Roth Capital restated a “buy” rating on shares of Ondas in a research report on Tuesday, August 18th. Oppenheimer upped their price target on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Weiss Ratings downgraded shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 4th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.18.

Ondas Trading Up 0.3%

The business’s 50 day moving average is $8.02 and its 200 day moving average is $9.31. The stock has a market capitalization of $4.36 billion, a PE ratio of -109.00 and a beta of 2.74.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The business had revenue of $83.77 million during the quarter, compared to the consensus estimate of $67.97 million. As a group, analysts anticipate that Ondas Holdings Inc. will post -0.47 EPS for the current year.

Insider Activity

In other Ondas news, Director Richard Cohen sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total transaction of $67,200.00. Following the sale, the director owned 261,836 shares in the company, valued at approximately $2,346,050.56. The trade was a 2.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.67% of the company’s stock.

Institutional Trading of Ondas

A number of institutional investors and hedge funds have recently made changes to their positions in ONDS. NFSG Corp grew its stake in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after acquiring an additional 2,000 shares during the period. Western Wealth Management LLC purchased a new position in Ondas during the first quarter valued at $28,000. EverSource Wealth Advisors LLC increased its stake in shares of Ondas by 5,373.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after purchasing an additional 3,063 shares in the last quarter. IFP Advisors Inc raised 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 worth $32,000 after purchasing an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc purchased a new position in Ondas in the 1st quarter valued at about $35,000. 37.73% of the stock is currently 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.