Ondas Target of Unusually High Options Trading (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) was the target of unusually large options trading on Monday. Stock traders purchased 11,003 call options on the stock. This represents an increase of approximately 150% compared to the typical daily volume of 4,401 call options.

Ondas Stock Performance

ONDS traded up $0.02 during trading hours on Friday, reaching $0.89. The company's stock had a trading volume of 4,478,916 shares, compared to its average volume of 3,298,683. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.21 and a current ratio of 0.43. The company's 50-day moving average is $0.99 and its 200-day moving average is $1.25. Ondas has a 52 week low of $0.54 and a 52 week high of $3.40. The firm has a market cap of $113.41 million, a PE ratio of -1.23 and a beta of 1.87.

Ondas (NASDAQ:ONDS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). Ondas had a negative net margin of 544.24% and a negative return on equity of 183.49%. The company had revenue of $4.13 million during the quarter, compared to analyst estimates of $5.75 million. On average, equities analysts forecast that Ondas will post -0.53 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ONDS shares. Northland Securities boosted their price target on Ondas from $1.50 to $4.00 and gave the stock an "outperform" rating in a research report on Monday, December 30th. Lake Street Capital initiated coverage on shares of Ondas in a research report on Monday, April 14th. They set a "buy" rating and a $2.50 price target on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ONDS. Penbrook Management LLC acquired a new stake in shares of Ondas in the fourth quarter valued at approximately $28,000. Wells Fargo & Company MN raised its holdings in Ondas by 119.2% in the 4th quarter. Wells Fargo & Company MN now owns 11,400 shares of the company's stock valued at $29,000 after acquiring an additional 6,200 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Ondas during the 4th quarter worth $31,000. Staley Capital Advisers Inc. bought a new position in shares of Ondas in the fourth quarter worth $32,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Ondas during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 37.73% of the company's stock.

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.