Ondas (NASDAQ:ONDS) Trading Up 10.5% – Should You Buy?

Ondas Holdings Inc. (NASDAQ:ONDS) was up 10.5% during mid-day trading on Wednesday . The company traded as high as $11.06 and last traded at $10.80. Approximately 91,779,681 shares changed hands during trading, an increase of 10% from the average daily volume of 83,268,359 shares. The stock had previously closed at $9.77.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ONDS shares. Weiss Ratings upgraded shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Zacks Research upgraded shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday. Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday. Glj Research set a $17.00 price target on shares of Ondas in a report on Tuesday, March 10th. Finally, HC Wainwright set a $17.00 price target on shares of Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Trading Up 10.5%

The company’s fifty day moving average is $9.81 and its two-hundred day moving average is $9.73. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 270.00 and a beta of 2.56.

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). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Insider Activity at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the sale, the director owned 264,853 shares in the company, valued at approximately $2,516,103.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total transaction of $98,300.00. Following the completion of the sale, the director owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This trade represents a 3.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ondas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NFSG Corp boosted its position in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after buying an additional 2,000 shares during the period. Western Wealth Management LLC purchased a new position in Ondas in the 1st quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its position in Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after buying an additional 3,063 shares during the period. IFP Advisors Inc boosted its position in Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares during the period. Finally, AdvisorNet Financial Inc purchased a new position in Ondas in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

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.