Ondas (NASDAQ:ONDS) Stock Price Up 2% – Here’s Why

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Ondas in a research note on Tuesday, May 19th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Finally, Glj Research set a $17.00 target price on shares of Ondas in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Performance

The firm has a fifty day moving average of $10.04 and a 200 day moving average of $10.19. The firm has a market capitalization of $4.10 billion, a PE ratio of 195.75 and a beta of 2.60.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share 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 company had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. Research analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at Ondas

In other Ondas news, CEO Eric A. Brock sold 2,378,245 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the transaction, the chief executive officer owned 3,583,010 shares in the company, valued at $48,119,824.30. The trade was a 39.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the completion of the transaction, the director directly owned 264,853 shares of the company’s stock, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Beaird Harris Wealth Management LLC grew its stake in Ondas by 3.8% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after purchasing an additional 1,000 shares in the last quarter. State of Wyoming grew its position in shares of Ondas by 31.5% during the first quarter. State of Wyoming now owns 6,809 shares of the company’s stock worth $62,000 after buying an additional 1,631 shares in the last quarter. Avion Wealth increased its stake in shares of Ondas by 100.0% in the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after buying an additional 2,000 shares during the last quarter. NFSG Corp raised its holdings in Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after acquiring an additional 2,000 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Ondas by 231.4% during the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after acquiring an additional 2,892 shares during the last quarter. Hedge funds and other institutional investors 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.