Ondas (NASDAQ:ONDS) Shares Up 2.8% - Still a Buy?

Key Points

• Shares rose 2.8% to $10.32 on Friday with about 45.4 million shares traded (roughly 47% below average), valuing the company at roughly $4.97 billion.
• Analyst views are mixed — several firms raised price targets (Oppenheimer to $16, Needham to $23, GLJ $17) while others cut ratings, leaving an average MarketBeat rating of Moderate Buy and an average target of $17.25.
• Ondas reported an EPS miss (‑$0.39 vs. ‑$0.06 expected) but beat revenue estimates ($30.11M vs. $27.49M); the company remains unprofitable with a very negative net margin (~270%) and return on equity (‑53.14%).

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) shot up 2.8% during trading on Friday . The stock traded as high as $10.56 and last traded at $10.32. 45,400,046 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 85,571,078 shares. The stock had previously closed at $10.04.

Analyst Ratings Changes

Several brokerages recently commented on ONDS. Oppenheimer raised their price objective on shares of Ondas from $12.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, January 20th. Glj Research set a $17.00 price objective on shares of Ondas in a research note on Tuesday, March 10th. Wall Street Zen cut shares of Ondas from a "hold" rating to a "sell" rating in a research note on Saturday, March 28th. Needham & Company LLC raised their price objective on shares of Ondas from $17.00 to $23.00 and gave the company a "buy" rating in a research note on Tuesday, March 24th. Finally, Zacks Research cut shares of Ondas from a "hold" rating to a "strong sell" rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.25.

Ondas Trading Up 2.8%

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.68. The company has a market cap of $4.97 billion, a price-to-earnings ratio of -15.40 and a beta of 2.59. The business's 50-day simple moving average is $10.05 and its 200-day simple moving average is $9.48.

Ondas (NASDAQ:ONDS - Get Free Report) last announced 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 business had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%. Research analysts predict that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ondas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in Ondas by 3,558,617.2% in the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company's stock valued at $15,935,000 after purchasing an additional 2,063,998 shares during the period. DNB Asset Management AS grew its holdings in Ondas by 88.4% in the third quarter. DNB Asset Management AS now owns 329,954 shares of the company's stock valued at $2,547,000 after purchasing an additional 154,792 shares during the period. Ghisallo Capital Management LLC purchased a new stake in Ondas in the third quarter valued at approximately $7,720,000. Sequoia Financial Advisors LLC purchased a new stake in Ondas in the third quarter valued at approximately $772,000. Finally, Vanguard Group Inc. grew its holdings in Ondas by 109.9% in the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company's stock valued at $103,567,000 after purchasing an additional 7,024,549 shares during the period. Institutional investors and hedge funds own 37.73% of the company's stock.

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.

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