Ondas (NASDAQ:ONDS) Hits New 12-Month High – Time to Buy?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) hit a new 52-week high during trading on Monday . The company traded as high as $11.74 and last traded at $11.5670, with a volume of 38465279 shares trading hands. The stock had previously closed at $11.02.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. HC Wainwright began coverage on shares of Ondas in a report on Monday, October 6th. They issued a “buy” rating and a $12.00 price objective for the company. Lake Street Capital upped their price target on shares of Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Oppenheimer upgraded shares of Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a report on Friday, November 14th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.50.

Ondas Trading Up 11.7%

The stock has a market capitalization of $4.61 billion, a P/E ratio of -30.71 and a beta of 2.40. The company has a 50-day moving average price of $7.80 and a two-hundred day moving average price of $5.91.

Ondas (NASDAQ:ONDS) last issued its earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $10.10 million during the quarter, compared to the consensus estimate of $7.04 million. Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%. Research analysts forecast that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Insider Activity

In other news, Director Richard M. Cohen sold 25,861 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $245,162.28. Following the completion of the sale, the director directly owned 197,746 shares in the company, valued at $1,874,632.08. This trade represents a 11.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jaspreet K. Sood sold 29,698 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $281,537.04. Following the transaction, the director directly owned 175,631 shares in the company, valued at approximately $1,664,981.88. This trade represents a 14.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,406,605 shares of company stock valued at $12,109,365. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Several institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its stake in Ondas by 154.9% during the 2nd 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. IFP Advisors Inc lifted its position in shares of Ondas by 231.4% during the third 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. Penbrook Management LLC purchased a new position in Ondas during the second quarter worth about $35,000. Exencial Wealth Advisors LLC purchased a new position in Ondas during the second quarter worth about $36,000. Finally, Trivium Point Advisory LLC bought a new stake in Ondas in the 2nd quarter worth about $38,000. 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.