Ondas (NASDAQ:ONDS) Trading Up 4% – Time to Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) was up 4% during trading on Monday . The company traded as high as $9.65 and last traded at $9.42. Approximately 44,149,824 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 82,952,516 shares. The stock had previously closed at $9.06.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ONDS shares. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Zacks Research lowered shares of Ondas from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. HC Wainwright set a $17.00 target price on shares of Ondas and gave the company a “buy” rating in a report on Tuesday, March 10th. Needham & Company LLC lifted their target price on shares of Ondas from $17.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Finally, Northland Securities lifted their target price on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. One research 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Trading Up 4.0%

The stock has a market cap of $4.59 billion, a PE ratio of -14.06 and a beta of 2.56. The business’s fifty day moving average is $9.99 and its 200 day moving average is $9.48. The company has a quick ratio of 4.68, a current ratio of 4.84 and a debt-to-equity ratio of 0.01.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). The company had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%. As a group, analysts predict that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Ondas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC raised its position in Ondas by 3.8% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock worth $266,000 after acquiring an additional 1,000 shares during the last quarter. Avion Wealth raised its position in Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after acquiring an additional 2,000 shares during the last quarter. NFSG Corp raised its position in Ondas by 200.0% during the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after acquiring an additional 2,000 shares during the last quarter. IFP Advisors Inc raised its position in 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 acquiring an additional 2,892 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in Ondas by 30.0% during the fourth quarter. Global Retirement Partners LLC now owns 13,000 shares of the company’s stock worth $127,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds 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.