Stock Traders Buy High Volume of Ondas Call Options (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS) saw unusually large options trading activity on Monday. Stock investors purchased 11,003 call options on the stock. This represents an increase of approximately 150% compared to the average daily volume of 4,401 call options.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Penbrook Management LLC purchased a new position in Ondas in the fourth quarter worth $28,000. Wells Fargo & Company MN raised its stake in shares of Ondas by 119.2% during the fourth quarter. Wells Fargo & Company MN now owns 11,400 shares of the company’s stock valued at $29,000 after acquiring an additional 6,200 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Ondas in the 4th quarter worth approximately $31,000. Staley Capital Advisers Inc. bought a new stake in shares of Ondas during the 4th quarter valued at about $32,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Ondas in the 4th quarter worth about $46,000. 37.73% of the stock is currently owned by institutional investors.

Ondas Stock Down 4.4 %

ONDS stock opened at $0.87 on Wednesday. Ondas has a twelve month low of $0.54 and a twelve month high of $3.40. The company has a quick ratio of 0.21, a current ratio of 0.43 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $92.43 million, a PE ratio of -1.21 and a beta of 1.87. The stock has a 50-day simple moving average of $1.06 and a two-hundred day simple moving average of $1.25.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Wednesday, March 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $4.13 million during the quarter, compared to analysts’ expectations of $5.75 million. On average, equities analysts predict that Ondas will post -0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Lake Street Capital assumed coverage on Ondas in a research report on Monday. They issued a “buy” rating and a $2.50 target price for the company. Northland Securities boosted their target price on shares of Ondas from $1.50 to $4.00 and gave the company an “outperform” rating in a report on Monday, December 30th.

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.