Ondas (NASDAQ:ONDS) Trading Up 17.4% – Time to Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) shares were up 17.4% during trading on Monday . The company traded as high as $7.33 and last traded at $7.9140. Approximately 14,399,263 shares were traded during trading, a decline of 53% from the average daily volume of 30,857,080 shares. The stock had previously closed at $6.74.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Ondas in a research note on Wednesday, October 8th. HC Wainwright assumed coverage on Ondas in a research note on Monday, October 6th. They issued a “buy” rating and a $12.00 target price on the stock. Zacks Research cut Ondas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Oppenheimer raised shares of Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Friday, November 14th. Finally, Needham & Company LLC upped their target price on shares of Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ondas currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.20.

Ondas Trading Up 25.4%

The business has a 50 day moving average of $7.52 and a 200-day moving average of $4.32. The firm has a market capitalization of $3.12 billion, a P/E ratio of -21.14 and a beta of 2.44.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $10.10 million for the quarter, compared to the consensus estimate of $7.04 million. Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%. Ondas has set its FY 2025 guidance at EPS. On average, analysts anticipate that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ONDS. Foundations Investment Advisors LLC bought a new stake in Ondas in the 1st quarter valued at approximately $62,000. SLT Holdings LLC acquired a new stake in shares of Ondas in the first quarter valued at approximately $62,000. XTX Topco Ltd acquired a new stake in shares of Ondas in the first quarter valued at approximately $32,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Ondas in the first quarter worth $34,000. Finally, PEAK6 LLC boosted its holdings in Ondas by 39.9% during the first quarter. PEAK6 LLC now owns 125,920 shares of the company’s stock worth $135,000 after purchasing an additional 35,919 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors.

About Ondas

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.