Ondas (NASDAQ:ONDS) Stock Price Up 1.7% – What’s Next?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) shot up 1.7% on Thursday . The stock traded as high as $10.39 and last traded at $10.20. 51,799,857 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 89,782,305 shares. The stock had previously closed at $10.03.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ONDS. Lake Street Capital lifted their price objective on Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. HC Wainwright set a $17.00 price objective on Ondas and gave the company a “buy” rating in a report on Tuesday, March 10th. Weiss Ratings restated a “sell (e+)” rating on shares of Ondas in a report on Friday, March 27th. Oppenheimer lifted their price objective on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Finally, LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Price Performance

The firm has a market capitalization of $4.92 billion, a P/E ratio of -15.22 and a beta of 2.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.68. The stock’s fifty day simple moving average is $9.90 and its 200 day simple moving average is $9.41.

Ondas (NASDAQ:ONDS) last announced its 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 53.14% and a negative net margin of 270.37%.The firm had revenue of $30.11 million during the quarter, compared to the consensus estimate of $27.49 million. On average, equities research analysts predict that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Hedge Funds Weigh In On Ondas

Several hedge funds have recently modified their holdings of ONDS. Goldman Sachs Group Inc. increased its holdings in shares of Ondas by 444.4% during the first quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock valued at $120,000 after acquiring an additional 91,732 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ondas by 57.4% during the second quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock valued at $2,583,000 after acquiring an additional 490,239 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Ondas during the second quarter valued at about $152,000. Sei Investments Co. acquired a new position in shares of Ondas during the second quarter valued at about $3,086,000. Finally, HRT Financial LP acquired a new position in shares of Ondas during the second quarter valued at about $2,244,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

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.