Ondas (NASDAQ:ONDS) Trading Up 1.9% - Time to Buy?

Key Points

• Ondas shares rose 1.9% on Friday, trading as high as $9.09 before closing at $9.06, on volume well below its recent average.
• Analysts remain broadly positive on the stock, with several firms raising price targets and MarketBeat showing a Moderate Buy consensus and an average target of $17.25.
• Despite revenue beating estimates in the latest quarter, Ondas reported a larger-than-expected loss of $0.39 per share and remains unprofitable, though its balance sheet shows low debt and strong liquidity.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report)'s share price rose 1.9% during trading on Friday . The stock traded as high as $9.09 and last traded at $9.06. Approximately 33,516,331 shares were traded during trading, a decline of 60% from the average daily volume of 83,415,539 shares. The stock had previously closed at $8.89.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ONDS. LADENBURG THALM/SH SH upgraded Ondas to a "strong-buy" rating in a report on Wednesday. HC Wainwright set a $17.00 target price on Ondas and gave the company a "buy" rating in a research note on Tuesday, March 10th. Oppenheimer upped their target price on Ondas from $12.00 to $16.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 20th. Stifel Nicolaus raised their price target on Ondas from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Wednesday, January 21st. Finally, Needham & Company LLC lifted their price target on Ondas from $17.00 to $23.00 and gave the company a "buy" rating in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Ondas has an average rating of "Moderate Buy" and a consensus price target of $17.25.

Ondas Price Performance

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 stock has a market capitalization of $4.42 billion, a P/E ratio of -13.52 and a beta of 2.56. The stock's fifty day moving average is $9.99 and its 200-day 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). Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%.The company had revenue of $30.11 million for the quarter, compared to the consensus estimate of $27.49 million. On average, equities analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Ondas

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Ondas by 3,558,617.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company's stock worth $15,935,000 after buying an additional 2,063,998 shares in the last quarter. DNB Asset Management AS lifted its position in shares of Ondas by 88.4% during the third quarter. DNB Asset Management AS now owns 329,954 shares of the company's stock worth $2,547,000 after purchasing an additional 154,792 shares in the last quarter. Ghisallo Capital Management LLC bought a new stake in shares of Ondas during the third quarter valued at approximately $7,720,000. Sequoia Financial Advisors LLC bought a new stake in shares of Ondas during the third quarter valued at approximately $772,000. Finally, Vanguard Group Inc. increased its holdings in shares of 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 in the last quarter. Institutional investors own 37.73% of the company's stock.

About Ondas

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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