Ondas Target of Unusually High Options Trading (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 17,891 call options on the company. This represents an increase of 137% compared to the typical daily volume of 7,547 call options.

Wall Street Analyst Weigh In

Separately, Lake Street Capital started coverage on shares of Ondas in a report on Monday, April 14th. They set a "buy" rating and a $2.50 price target for the company.

Ondas Price Performance

Shares of ONDS stock traded up $0.01 on Wednesday, hitting $1.60. 38,883,782 shares of the company's stock were exchanged, compared to its average volume of 5,722,184. The company has a 50 day moving average of $1.11 and a 200 day moving average of $1.35. The stock has a market cap of $287.30 million, a P/E ratio of -2.76 and a beta of 2.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.86 and a quick ratio of 0.65. Ondas has a 12 month low of $0.54 and a 12 month high of $3.40.

Ondas (NASDAQ:ONDS - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The business had revenue of $4.25 million for the quarter, compared to analyst estimates of $4.94 million. Ondas had a negative return on equity of 232.07% and a negative net margin of 412.92%. On average, equities research analysts predict that Ondas will post -0.53 EPS for the current year.

Institutional Trading of Ondas

A number of hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in shares of Ondas by 119.2% during the 4th quarter. Wells Fargo & Company MN now owns 11,400 shares of the company's stock valued at $29,000 after acquiring an additional 6,200 shares in the last quarter. Two Sigma Investments LP bought a new position in Ondas in the fourth quarter valued at about $31,000. Staley Capital Advisers Inc. acquired a new stake in shares of Ondas during the fourth quarter valued at about $32,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Ondas during the fourth quarter valued at about $46,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Ondas during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 37.73% of the company's stock.

About Ondas

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.