Investors Purchase Large Volume of Ondas Call Options (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) was the target of some unusual options trading activity on Friday. Stock traders bought 14,792 call options on the stock. This is an increase of 50% compared to the average volume of 9,876 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of Ondas during the fourth quarter worth $55,000. Raymond James Financial Inc. bought a new stake in shares of Ondas during the fourth quarter worth $235,000. Marshall Wace LLP bought a new stake in shares of Ondas during the fourth quarter worth $831,000. Millennium Management LLC increased its position in shares of Ondas by 150.0% during the fourth quarter. Millennium Management LLC now owns 28,366 shares of the company's stock worth $73,000 after acquiring an additional 17,021 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Ondas during the fourth quarter worth $1,050,000. 37.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital began coverage on shares of Ondas in a research note on Monday, April 14th. They issued a "buy" rating and a $2.50 target price on the stock.

Ondas Trading Up 5.5%

Shares of Ondas stock traded up $0.11 on Friday, hitting $2.12. 30,531,055 shares of the company's stock traded hands, compared to its average volume of 6,683,907. The firm's 50-day moving average price is $1.36 and its two-hundred day moving average price is $1.40. The stock has a market capitalization of $380.67 million, a PE ratio of -3.66 and a beta of 2.29. Ondas has a one year low of $0.54 and a one year high of $3.40. 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 (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). Ondas had a negative net margin of 412.92% and a negative return on equity of 232.07%. The firm had revenue of $4.25 million during the quarter, compared to the consensus estimate of $4.94 million. On average, research analysts expect that Ondas will post -0.53 EPS for the current fiscal year.

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.