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

Ondas Holdings Inc. (NASDAQ:ONDS) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 2,649 call options on the company. This represents an increase of approximately 199% compared to the typical volume of 887 call options.

Insider Activity

In other Ondas news, Director Randy Seidl sold 21,359 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $1.29, for a total value of $27,553.11. Following the transaction, the director now directly owns 124,513 shares in the company, valued at $160,621.77. This represents a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 13.90% of the company’s stock.

Institutional Trading of Ondas

Institutional investors have recently added to or reduced their stakes in the stock. Wealth Effects LLC grew its holdings in Ondas by 9.8% in the second quarter. Wealth Effects LLC now owns 156,500 shares of the company’s stock valued at $91,000 after purchasing an additional 14,000 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Ondas by 17.2% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 300,000 shares of the company’s stock valued at $174,000 after acquiring an additional 44,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Ondas by 12.8% during the third quarter. Geode Capital Management LLC now owns 622,595 shares of the company’s stock worth $480,000 after acquiring an additional 70,502 shares during the last quarter. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Ondas Stock Performance

Ondas stock traded down $0.04 during midday trading on Tuesday, hitting $1.92. 5,256,681 shares of the company’s stock were exchanged, compared to its average volume of 828,553. Ondas has a 12-month low of $0.54 and a 12-month high of $2.20. The stock has a market cap of $148.02 million, a price-to-earnings ratio of -2.66 and a beta of 2.55. The firm’s 50 day simple moving average is $0.91 and its 200 day simple moving average is $0.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.21 and a current ratio of 0.43.

Ondas (NASDAQ:ONDS) last issued its earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The firm had revenue of $1.48 million during the quarter, compared to analysts’ expectations of $1.32 million. Ondas had a negative net margin of 544.24% and a negative return on equity of 183.49%. During the same period in the previous year, the firm earned ($0.15) EPS. Equities research analysts predict that Ondas will post -0.53 EPS for the current year.

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.