Ondas (NASDAQ:ONDS) Stock Picked Up by Analysts at Citizens Jmp

Investment analysts at Citizens Jmp started coverage on shares of Ondas (NASDAQ:ONDS) in a report released on Monday, MarketBeat.com reports. The firm set a “market outperform” rating and a $14.00 price target on the stock. Citizens Jmp’s price target would indicate a potential upside of 88.93% from the stock’s current price.

ONDS has been the subject of several other research reports. Wall Street Zen downgraded Ondas from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. LADENBURG THALM/SH SH boosted their target price on shares of Ondas from $21.50 to $22.75 and gave the stock a “buy” rating in a report on Monday, August 17th. Roth Capital reaffirmed a “buy” rating on shares of Ondas in a research report on Tuesday, August 18th. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Ondas in a research note on Monday, September 14th. Finally, Oppenheimer lifted their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.89.

Ondas Stock Performance

ONDS opened at $7.41 on Monday. The business’s 50-day simple moving average is $7.97 and its 200 day simple moving average is $8.84. Ondas has a 52-week low of $4.95 and a 52-week high of $15.28. The firm has a market capitalization of $4.31 billion, a PE ratio of -105.86 and a beta of 2.92.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The company had revenue of $83.77 million during the quarter, compared to the consensus estimate of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. On average, research analysts forecast that Ondas will post -0.47 earnings per share for the current year.

Insider Buying and Selling

In other Ondas news, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total transaction of $67,200.00. Following the completion of the transaction, the director directly owned 261,836 shares of the company’s stock, valued at $2,346,050.56. The trade was a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Neil J. Laird sold 4,952 shares of the company’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $7.74, for a total transaction of $38,328.48. Following the completion of the transaction, the chief financial officer owned 42,246 shares in the company, valued at approximately $326,984.04. This represents a 10.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.67% of the stock is currently owned by insiders.

Institutional Trading of Ondas

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in Ondas by 9,274.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock worth $33,832,000 after purchasing an additional 3,429,398 shares during the last quarter. RFG Advisory LLC lifted its stake in Ondas by 57.0% during the second quarter. RFG Advisory LLC now owns 2,787,202 shares of the company’s stock worth $22,967,000 after purchasing an additional 1,012,353 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Ondas in the second quarter valued at about $13,158,000. Bank of America Corp DE lifted its stake in Ondas by 1,443.9% in the 1st quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock valued at $12,700,000 after purchasing an additional 1,313,823 shares during the last quarter. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD boosted its position in Ondas by 63.0% in the second quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 1,016,941 shares of the company’s stock valued at $8,380,000 after buying an additional 393,133 shares in the last quarter. Institutional investors own 37.73% of the company’s stock.

Ondas News Summary

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: $56 million precision-weapons order: Ondas received an order for Electronic Safe & Arm Devices supporting a European loitering-munition program. The contract expands its participation in the growing market for loitering munitions and next-generation precision weapons. It is also the first ESAD order since Ondas acquired GATE Technologies and Bron Technologies, with production supported by its operations in Poland. Ondas Receives $56 Million Order in Precision Strike Business
• Positive Sentiment: Positive analyst coverage: Citizens JMP initiated coverage with a “Market Outperform” rating and a $14 price target, implying nearly 89% upside from the referenced $7.41 level. The firm reportedly views Ondas as a dynamic defense-technology company with significant growth potential. Citizens Initiates Coverage of Ondas at Market Outperform
• Neutral Sentiment: Short-squeeze interest: Ondas has been identified as a potential short-squeeze candidate because of heavy short interest and new business catalysts. This can amplify gains if buying accelerates, but it also increases volatility and does not change the company’s underlying financial results. Short-Squeeze Candidates Article
• Negative Sentiment: Execution and valuation risks remain: Ondas continues to report losses, and its stock is trading well below its 52-week high. Investors must still assess whether the new order can translate into sustained revenue, margins and cash flow, particularly after recent acquisitions.

About Ondas

Ondas Holdings Inc (NASDAQ: ONDS) develops autonomous drone systems and private wireless networking solutions for industrial, government and critical-infrastructure applications. Its technologies are designed to support remote monitoring, inspection, security, public safety and other operations that require persistent data collection and reliable communications.

Through its subsidiaries, including American Robotics and Ondas Networks, the company offers autonomous drone platforms, command-and-control software, aerial intelligence solutions and industrial-grade wireless networks.