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

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Lake Street Capital initiated coverage on Ondas in a report on Monday, April 14th. They issued a "buy" rating and a $2.50 price objective for the company. Wall Street Zen raised Ondas from a "sell" rating to a "hold" rating in a research report on Saturday.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Ondas in the fourth quarter valued at $235,000. Diamond Hill Capital Management Inc. increased its holdings in shares of Ondas by 50.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 614,291 shares of the company's stock worth $1,573,000 after acquiring an additional 206,891 shares during the period. Quantbot Technologies LP bought a new stake in Ondas in the 4th quarter valued at about $55,000. DnB Asset Management AS acquired a new position in Ondas during the 4th quarter valued at about $76,000. Finally, Geode Capital Management LLC grew its position in Ondas by 16.6% in the 4th quarter. Geode Capital Management LLC now owns 726,165 shares of the company's stock worth $1,859,000 after purchasing an additional 103,570 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors.

Ondas Stock Performance

Shares of NASDAQ ONDS traded up $0.19 during midday trading on Monday, hitting $2.31. The company's stock had a trading volume of 35,631,777 shares, compared to its average volume of 6,825,091. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.65 and a current ratio of 0.86. Ondas has a 1-year low of $0.54 and a 1-year high of $3.40. The firm's fifty day moving average price is $1.39 and its 200-day moving average price is $1.39. The firm has a market cap of $414.78 million, a P/E ratio of -3.98 and a beta of 2.29.

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 analysts' consensus estimates of ($0.11) by ($0.04). The company had revenue of $4.25 million during the quarter, compared to analyst estimates of $4.94 million. Ondas had a negative net margin of 412.92% and a negative return on equity of 232.07%. On average, sell-side analysts forecast that Ondas will post -0.53 EPS for the current fiscal year.

Ondas Company Profile

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.