Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report) gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $8.86, but opened at $9.99. Ondas shares last traded at $9.7810, with a volume of 52,161,473 shares changing hands.
The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.88. The firm had revenue of $50.12 million during the quarter, compared to analyst estimates of $39.36 million. Ondas had a negative net margin of 270.37% and a negative return on equity of 53.14%.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Needham & Company LLC boosted their target price on Ondas from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Oppenheimer upped their price target on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Glj Research set a $17.00 price target on shares of Ondas in a research report on Tuesday, March 10th. Finally, Stifel Nicolaus lifted their price objective on shares of Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ONDS. Greenline Wealth Management LLC bought a new stake in shares of Ondas in the first quarter worth about $196,000. State of Wyoming lifted its holdings in shares of Ondas by 31.5% during the 1st quarter. State of Wyoming now owns 6,809 shares of the company’s stock valued at $62,000 after purchasing an additional 1,631 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Ondas by 281.3% during the 1st quarter. Cetera Investment Advisers now owns 707,486 shares of the company’s stock valued at $6,396,000 after purchasing an additional 521,944 shares in the last quarter. CI Investments Inc. acquired a new position in shares of Ondas in the 1st quarter valued at approximately $4,255,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Ondas in the 1st quarter valued at approximately $63,000. 37.73% of the stock is owned by institutional investors and hedge funds.
Ondas Trading Up 14.1%
The company has a current ratio of 4.84, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.95 billion, a P/E ratio of -15.09 and a beta of 2.56. The business has a 50 day moving average of $9.88 and a 200-day moving average of $9.54.
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.
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