Ondas (NASDAQ:ONDS) Trading 3.9% Higher - Time to Buy?

Key Points

• Ondas shares rose 3.9% to $8.71 on Friday, with about 58.4 million shares traded. The stock has a $4.97 billion market capitalization and trades below its 200-day moving average of $9.44.
• Analyst sentiment is broadly positive, with eight Buy ratings, one Hold and one Sell; the average price target is $17.18, nearly double the recent share price.
• Ondas reported quarterly revenue of $83.77 million, exceeding estimates, but its adjusted loss of $0.19 per share missed expectations of $0.09. Insider selling was also reported, including CEO Eric Brock’s sale of 2.38 million shares to cover tax obligations.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report)'s stock price shot up 3.9% on Friday . The company traded as high as $8.83 and last traded at $8.71. Approximately 58,449,304 shares traded hands during trading, a decline of 31% from the average daily volume of 85,077,734 shares. The stock had previously closed at $8.38.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ONDS shares. Roth Capital restated a "buy" rating on shares of Ondas in a research report on Tuesday. LADENBURG THALM/SH SH upped their price objective on shares of Ondas from $21.50 to $22.75 and gave the stock a "buy" rating in a research report on Monday. Zacks Research upgraded shares of Ondas from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. Needham & Company LLC reiterated a "buy" rating and set a $19.00 price objective on shares of Ondas in a research note on Friday, August 14th. Finally, Weiss Ratings lowered shares of Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Ondas has an average rating of "Moderate Buy" and an average price target of $17.18.

Ondas Stock Up 3.9%

The firm has a 50 day simple moving average of $8.19 and a two-hundred day simple moving average of $9.44. The stock has a market capitalization of $4.97 billion, a P/E ratio of -124.43 and a beta of 2.72.

Ondas (NASDAQ:ONDS - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The business had revenue of $83.77 million during the quarter, compared to the consensus estimate of $67.97 million. On average, research analysts predict that Ondas Holdings Inc. will post -0.33 earnings per share for the current year.

Insider Activity

In other Ondas news, CEO Eric A. Brock sold 2,378,245 shares of Ondas stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value of $31,939,830.35. Following the transaction, the chief executive officer owned 3,583,010 shares in the company, valued at $48,119,824.30. The trade was a 39.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total value of $67,200.00. Following the completion of the transaction, the director owned 261,836 shares in the company, valued at approximately $2,346,050.56. This represents a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.67% of the company's stock.

Institutional Investors Weigh In On Ondas

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NFSG Corp lifted its stake in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company's stock valued at $27,000 after purchasing an additional 2,000 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Ondas during the first quarter worth $28,000. EverSource Wealth Advisors LLC grew its stake in shares of Ondas by 5,373.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company's stock worth $28,000 after buying an additional 3,063 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company's stock worth $32,000 after buying an additional 2,892 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new position in shares of Ondas during the first quarter worth $35,000. 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.

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