Ondas (NASDAQ:ONDS) Stock Price Up 1.9% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price was up 1.9% during mid-day trading on Friday . The stock traded as high as $9.09 and last traded at $9.06. Approximately 33,516,331 shares changed hands 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 Analyst Weigh In

Several equities research analysts have recently commented on ONDS shares. Weiss Ratings raised Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Lake Street Capital upped their price target on Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Oppenheimer lifted their price objective on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Needham & Company LLC boosted their price objective on Ondas from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Finally, Glj Research set a $17.00 target price on shares of Ondas in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Stock Performance

The company has a quick ratio of 4.68, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.42 billion, a price-to-earnings 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) last posted its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The firm had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%. On average, analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONDS. Beaird Harris Wealth Management LLC grew its stake in Ondas by 3.8% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock valued at $266,000 after acquiring an additional 1,000 shares during the period. Avion Wealth raised its position in shares of Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after purchasing an additional 2,000 shares during the period. NFSG Corp raised its position in shares of Ondas by 200.0% during the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares during the period. IFP Advisors Inc lifted its holdings in shares of Ondas by 231.4% during the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Ondas by 30.0% in the 4th quarter. Global Retirement Partners LLC now owns 13,000 shares of the company’s stock valued at $127,000 after purchasing an additional 3,000 shares during the period. 37.73% of the stock is currently owned by institutional investors.

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.