Ondas (NASDAQ:ONDS) Shares Up 6.4% - Still a Buy?

Key Points

• Ondas shares rose 6.4% to $8.75 in midday trading, with about 82.9 million shares changing hands. The stock remains highly volatile, with a beta of 2.72 and a market cap of roughly $5 billion.
• Analyst sentiment is broadly positive: eight analysts rate Ondas a Buy, one rates it Hold and one Sell, producing a “Moderate Buy” consensus and an average price target of $17.18.
• The company beat revenue expectations with $83.77 million for the quarter but missed on adjusted earnings, reporting a loss of $0.19 per share versus the expected $0.09 loss. Insiders have also recently sold shares, including the CEO’s $31.9 million sale made to cover tax obligations.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report)'s share price was up 6.4% during mid-day trading on Thursday . The stock traded as high as $8.84 and last traded at $8.75. Approximately 82,917,362 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 84,419,680 shares. The stock had previously closed at $8.22.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ONDS. Weiss Ratings cut shares of Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. Roth Capital reissued a "buy" rating on shares of Ondas in a research report on Tuesday, August 18th. Needham & Company LLC reissued a "buy" rating and set a $19.00 price objective on shares of Ondas in a report on Friday, August 14th. Wall Street Zen cut Ondas from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Finally, Oppenheimer lifted their price target on shares of Ondas from $16.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.18.

Ondas Trading Up 6.4%

The firm's fifty day moving average price is $8.12 and its 200-day moving average price is $9.39. The company has a market cap of $4.99 billion, a P/E ratio of -125.00 and a beta of 2.72.

Ondas (NASDAQ:ONDS - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.10). The business had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. As a group, research analysts forecast that Ondas Holdings Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Ondas

In related news, CEO Eric A. Brock sold 2,378,245 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the sale, the chief executive officer owned 3,583,010 shares in the company, valued at $48,119,824.30. This represents a 39.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 transaction, the director owned 261,836 shares in the company, valued at $2,346,050.56. This trade 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. Corporate insiders own 1.67% of the company's stock.

Hedge Funds Weigh In On Ondas

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of Ondas in the 4th quarter valued at about $6,734,000. CI Investments Inc. bought a new stake in Ondas in the 1st quarter valued at $4,255,000. The Manufacturers Life Insurance Company lifted its stake in shares of Ondas by 664.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 129,481 shares of the company's stock worth $1,171,000 after buying an additional 112,534 shares during the last quarter. Royal Bank of Canada lifted its position in Ondas by 160.1% during the first quarter. Royal Bank of Canada now owns 384,656 shares of the company's stock worth $3,477,000 after acquiring an additional 236,782 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in Ondas in the 1st quarter valued at $5,000,000. 37.73% of the stock is owned by institutional investors and hedge funds.

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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