Ondas (NASDAQ:ONDS) Shares Gap Up – Time to Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) gapped up prior to trading on Wednesday . The stock had previously closed at $8.99, but opened at $9.28. Ondas shares last traded at $9.9220, with a volume of 22,670,075 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ONDS. Loop Capital set a $10.00 price target on shares of Ondas in a research note on Wednesday, November 26th. HC Wainwright initiated coverage on shares of Ondas in a research report on Monday, October 6th. They set a “buy” rating and a $12.00 target price on the stock. Lake Street Capital boosted their price target on Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Oppenheimer raised Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Ondas in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.50.

Ondas Stock Up 12.0%

The stock has a market cap of $3.77 billion, a P/E ratio of -25.72 and a beta of 2.42. The company’s 50 day moving average price is $7.62 and its 200-day moving average price is $5.73.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $10.10 million during the quarter, compared to analyst estimates of $7.04 million. Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. Equities research analysts anticipate that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Insider Transactions at Ondas

In other news, Director Randy Seidl sold 21,520 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total value of $204,009.60. Following the sale, the director directly owned 212,470 shares of the company’s stock, valued at approximately $2,014,215.60. This represents a 9.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ron Stern sold 850,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $7.91, for a total value of $6,723,500.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 931,605 shares of company stock worth $7,497,115. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Ondas by 109.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after purchasing an additional 7,024,549 shares in the last quarter. Hood River Capital Management LLC bought a new stake in Ondas in the 2nd quarter worth about $14,479,000. AWM Investment Company Inc. purchased a new stake in shares of Ondas during the second quarter valued at approximately $11,123,000. Cresset Asset Management LLC raised its stake in shares of Ondas by 263.5% during the 2nd quarter. Cresset Asset Management LLC now owns 4,667,874 shares of the company’s stock worth $8,962,000 after purchasing an additional 3,383,629 shares during the period. Finally, Two Sigma Investments LP raised its position in Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after acquiring an additional 4,247,859 shares during the period. 37.73% of the stock is 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.