Ondas (NASDAQ:ONDS) Stock Price Up 22.7% – Should You Buy?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price rose 22.7% on Thursday . The company traded as high as $13.78 and last traded at $13.25. Approximately 244,621,829 shares traded hands during trading, an increase of 188% from the average daily volume of 84,870,508 shares. The stock had previously closed at $10.80.

Wall Street Analysts Forecast Growth

ONDS has been the topic of a number of research reports. Needham & Company LLC reiterated a “buy” rating and set a $23.00 price target on shares of Ondas in a research report on Tuesday, May 19th. Northland Securities raised their target price on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a research report on Sunday. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, HC Wainwright set a $17.00 target price on Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ondas presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Trading Up 22.7%

The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 331.25 and a beta of 2.56. The stock has a fifty day moving average of $9.81 and a 200-day moving average of $9.77.

Ondas (NASDAQ:ONDS) last issued its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). The company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Ondas had a negative return on equity of 14.17% and a net margin of 247.85%. As a group, equities 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 news, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction dated 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 in the company, valued at approximately $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction dated 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 owned 295,504 shares in the company, valued at $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

A number of institutional investors have recently made changes to their positions in the business. Beaird Harris Wealth Management LLC increased its stake in shares of Ondas by 3.8% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock worth $266,000 after purchasing an additional 1,000 shares during the period. State of Wyoming increased its stake in Ondas by 31.5% during the first quarter. State of Wyoming now owns 6,809 shares of the company’s stock valued at $62,000 after acquiring an additional 1,631 shares during the period. Avion Wealth increased its stake in Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after acquiring an additional 2,000 shares during the period. NFSG Corp increased its stake in Ondas by 200.0% during 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 during the period. Finally, IFP Advisors Inc increased its stake in Ondas by 231.4% during the third 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 period. 37.73% of the stock is currently owned by institutional investors.

Ondas Company Profile

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.