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

Ondas Holdings Inc. (NASDAQ:ONDS) was the recipient of unusually large options trading on Tuesday. 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.

Ondas Price Performance

ONDS opened at $2.02 on Thursday. The business has a fifty day moving average of $0.95 and a 200 day moving average of $0.85. The stock has a market cap of $156.13 million, a P/E ratio of -2.81 and a beta of 2.55. The company has a quick ratio of 0.21, a current ratio of 0.43 and a debt-to-equity ratio of 0.02. Ondas has a 52-week low of $0.54 and a 52-week high of $2.20.

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

Insider Transactions at Ondas

In other Ondas news, Director Randy Seidl sold 21,359 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $1.29, for a total transaction of $27,553.11. Following the completion of the transaction, the director now owns 124,513 shares in the company, valued at $160,621.77. The trade was a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 13.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Effects LLC grew its position in shares of Ondas by 9.8% during the 2nd quarter. Wealth Effects LLC now owns 156,500 shares of the company’s stock worth $91,000 after buying an additional 14,000 shares in the last quarter. Diamond Hill Capital Management Inc. grew 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 worth $174,000 after acquiring an additional 44,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Ondas by 12.8% during the 3rd quarter. Geode Capital Management LLC now owns 622,595 shares of the company’s stock valued at $480,000 after purchasing an additional 70,502 shares during the period. Institutional investors own 37.73% of the company’s stock.

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.