Ondas (NASDAQ:ONDS) Sees Large Volume Increase – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS) shares saw an uptick in trading volume on Friday . 109,972,800 shares were traded during mid-day trading, an increase of 256% from the previous session’s volume of 30,854,566 shares.The stock last traded at $6.7490 and had previously closed at $6.27.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. HC Wainwright initiated coverage on Ondas in a report on Monday, October 6th. They issued a “buy” rating and a $12.00 target price for the company. Zacks Research cut Ondas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Oppenheimer raised Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research report on Friday, November 14th. Weiss Ratings restated a “sell (e+)” rating on shares of Ondas in a research note on Wednesday, October 8th. Finally, Needham & Company LLC raised their target price on shares of Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.20.

Ondas Stock Performance

The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -16.85 and a beta of 2.43. The company has a 50-day moving average price of $7.52 and a 200-day moving average price of $4.30.

Ondas (NASDAQ:ONDS) last posted its earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The business had revenue of $10.10 million for the quarter, compared to analysts’ expectations of $7.04 million. Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%. Ondas has set its FY 2025 guidance at EPS. On average, research analysts expect that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ondas

Several hedge funds and other institutional investors have recently bought and sold shares of ONDS. SBI Securities Co. Ltd. boosted its stake in Ondas by 154.9% in the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock valued at $31,000 after acquiring an additional 9,904 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Ondas in the 1st quarter valued at about $32,000. Charles Schwab Investment Management Inc. purchased a new position in Ondas during the 1st quarter worth approximately $34,000. Penbrook Management LLC purchased a new position in Ondas during the 2nd quarter worth approximately $35,000. Finally, Exencial Wealth Advisors LLC acquired a new position in Ondas during the second quarter worth approximately $36,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.