Ondas (NASDAQ:ONDS) Trading 1.3% Higher – Still a Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) traded up 1.3% on Tuesday . The company traded as high as $11.29 and last traded at $10.87. 79,177,343 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 89,291,750 shares. The stock had previously closed at $10.73.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Glj Research set a $17.00 price target on shares of Ondas in a research report on Tuesday, March 10th. Zacks Research lowered shares of Ondas from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. Stifel Nicolaus boosted their price target on shares of Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, HC Wainwright set a $17.00 price target on shares of Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. One investment 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Stock Performance

The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of -15.73 and a beta of 2.59. The company has a quick ratio of 4.68, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $10.01 and its 200 day simple moving average is $9.48.

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 53.14% and a negative net margin of 270.37%.The company had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. Analysts expect that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ondas

A number of large investors have recently modified their holdings of ONDS. IFP Advisors Inc lifted its position in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in shares of Ondas during the first quarter worth approximately $35,000. Avion Wealth lifted its position 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 purchasing an additional 2,000 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its stake in shares of Ondas by 228.6% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock valued at $43,000 after purchasing an additional 3,063 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Ondas by 1,005.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock valued at $43,000 after purchasing an additional 4,000 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.