Ondas (NASDAQ:ONDS) Trading Up 12.4% – Should You Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) shares were up 12.4% on Tuesday . The company traded as high as $10.26 and last traded at $10.18. Approximately 41,267,580 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 82,705,742 shares. The stock had previously closed at $9.06.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ONDS shares. Northland Securities upped their price target on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Glj Research set a $17.00 price target on Ondas in a report on Tuesday, March 10th. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a report on Sunday. Weiss Ratings upgraded Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Finally, HC Wainwright set a $17.00 target price on Ondas and gave the company a “buy” rating in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Ondas presently has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Trading Up 7.8%

The company has a market cap of $4.84 billion, a PE ratio of 244.25 and a beta of 2.56. The business has a 50 day simple moving average of $9.82 and a two-hundred day simple moving average of $9.70.

Ondas (NASDAQ:ONDS) last issued its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The firm had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a negative return on equity of 14.17% and a net margin of 247.85%. On average, equities research analysts expect that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of the 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 transaction, the director directly owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the transaction, the director directly owned 295,504 shares in the company, valued at $2,904,804.32. This trade represents a 3.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Western Wealth Management LLC purchased a new position in shares of Ondas in the 1st quarter worth $28,000. Bank of America Corp DE raised its position in shares of Ondas by 1,443.9% in the 1st quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock worth $12,700,000 after buying an additional 1,313,823 shares during the period. Janus Henderson Group PLC raised its position in shares of Ondas by 16.8% in the 1st quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock worth $1,659,000 after buying an additional 26,500 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of Ondas in the 1st quarter worth $5,000,000. Finally, Arkadios Wealth Advisors raised its position in shares of Ondas by 37.3% in the 1st quarter. Arkadios Wealth Advisors now owns 50,912 shares of the company’s stock worth $460,000 after buying an additional 13,821 shares during the period. 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.