Ondas Sees Unusually High Options Volume (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS) was the recipient of some unusual options trading on Wednesday. Stock investors bought 13,588 call options on the company. This is an increase of 249% compared to the average volume of 3,896 call options.

Analyst Upgrades and Downgrades

Separately, Northland Securities boosted their price target on Ondas from $1.50 to $4.00 and gave the company an “outperform” rating in a research note on Monday, December 30th.

Ondas Stock Performance

NASDAQ:ONDS opened at $0.68 on Friday. 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 has a fifty-two week low of $0.54 and a fifty-two week high of $3.40. The company has a market cap of $61.77 million, a price-to-earnings ratio of -0.94 and a beta of 2.00. The stock has a fifty day moving average price of $1.67 and a 200-day moving average price of $1.24.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Wednesday, March 12th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. The firm had revenue of $4.13 million for the quarter, compared to the consensus estimate of $5.75 million. As a group, equities analysts anticipate that Ondas will post -0.53 EPS for the current fiscal year.

Insider Buying and Selling at Ondas

In other Ondas news, Director Randy Seidl sold 21,359 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $1.29, for a total value of $27,553.11. Following the completion of the sale, the director now owns 124,513 shares of the company’s stock, valued at $160,621.77. The trade was a 14.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 13.90% of the company’s stock.

Institutional Trading of Ondas

Several large investors have recently made changes to their positions in ONDS. Koshinski Asset Management Inc. lifted its stake in Ondas by 15.2% during the fourth quarter. Koshinski Asset Management Inc. now owns 37,940 shares of the company’s stock worth $97,000 after purchasing an additional 5,000 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Ondas by 119.2% during the 4th quarter. Wells Fargo & Company MN now owns 11,400 shares of the company’s stock worth $29,000 after buying an additional 6,200 shares in the last quarter. Penbrook Management LLC acquired a new position in shares of Ondas during the 4th quarter worth $28,000. Two Sigma Investments LP bought a new stake in shares of Ondas during the 4th quarter worth $31,000. Finally, Staley Capital Advisers Inc. acquired a new stake in Ondas in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

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.