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

Ondas Holdings Inc. (NASDAQ:ONDS) was the recipient of unusually large options trading activity on Monday. Investors acquired 11,003 call options on the company. This is an increase of 150% compared to the typical volume of 4,401 call options.

Wall Street Analysts Forecast Growth

ONDS has been the topic of several recent research reports. Northland Securities lifted 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. Lake Street Capital started coverage on Ondas in a research report on Monday. They issued a “buy” rating and a $2.50 target price on the stock.

Institutional Investors Weigh In On Ondas

Large investors have recently made changes to their positions in the stock. Heights Capital Management Inc. lifted its stake in Ondas by 397.6% in the fourth quarter. Heights Capital Management Inc. now owns 4,811,354 shares of the company’s stock valued at $12,317,000 after acquiring an additional 3,844,401 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in Ondas in the 4th quarter valued at about $3,288,000. Jane Street Group LLC bought a new position in Ondas during the fourth quarter worth about $1,050,000. MYDA Advisors LLC acquired a new position in Ondas during the fourth quarter worth approximately $998,000. Finally, AMH Equity Ltd bought a new stake in Ondas in the fourth quarter valued at approximately $952,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

Ondas Stock Performance

Shares of ONDS opened at $0.91 on Tuesday. The company has a current ratio of 0.43, a quick ratio of 0.21 and a debt-to-equity ratio of 0.02. Ondas has a 12 month low of $0.54 and a 12 month high of $3.40. The firm has a fifty day simple moving average of $1.08 and a 200 day simple moving average of $1.26. The stock has a market capitalization of $96.67 million, a price-to-earnings ratio of -1.27 and a beta of 1.87.

Ondas (NASDAQ:ONDS) last announced 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 net margin of 544.24% and a negative return on equity of 183.49%. The company had revenue of $4.13 million during the quarter, compared to the consensus estimate of $5.75 million. Research analysts forecast that Ondas will post -0.53 EPS for the current fiscal year.

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.