Decline in Short Interest for Ondas Holdings Inc. (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS) experienced a notable decrease in short interest during January. As of January 15th, short interest totaled 3,830,000 shares, which reflects a significant drop of 37.4% from the previous total of 6,120,000 shares recorded on December 31st. With the average daily trading volume at 5,490,000 shares, the current short-interest ratio is 0.7 days.

Insider Transactions

In recent developments related to Ondas, Director Randy Seidl sold 21,359 shares on December 19th, at an average price of $1.29, amounting to a total sale value of $27,553.11. Post-sale, he retains ownership of 124,513 shares, valued approximately at $160,621.77. This transaction indicates a 14.64% decrease in his ownership stake. Further details are available in a filing made with the SEC, accessible through specified channels. Additionally, insiders currently hold 13.90% of the company’s stock.

Institutional Investor Activities

Several institutional investors have recently adjusted their stakes in Ondas. For example, Penbrook Management LLC acquired a new position during the fourth quarter worth about $28,000. Meanwhile, Koshinski Asset Management Inc. increased its shares by 15.2% during that same period, bringing its total to 37,940 shares now valued at $97,000. Wealth Effects LLC also raised its position by 7.7% in the third quarter, owning 168,500 shares valued at $130,000 after a purchase of 12,000 shares. Furthermore, Diamond Hill Capital Management Inc. upped its stake by 35.8% in the third quarter, now holding 407,400 shares worth $314,000. Lastly, Geode Capital Management LLC increased its stake by 12.8% during the third quarter, purchasing an additional 70,502 shares to reach a total of 622,595 shares valued at $480,000. Overall, institutional investors own 37.73% of the stock.

Analysts' Ratings and Price Target Changes

In terms of analyst forecasts, Northland Securities has upgraded its target price for Ondas from $1.50 to $4.00 and assigned the stock an "outperform" rating as of December 30th.

Performance Overview of Ondas Shares

On a recent trading day, shares of NASDAQ:ONDS increased by $0.06, reaching a price of $1.75. In total, 3,069,178 shares exchanged hands, compared to the average volume of 8,028,329 shares. The company’s 50-day moving average sits at $1.74, while the 200-day average is $1.15. Ondas has a market capitalization of $135.26 million, with a PE ratio of -2.43 and a beta of 1.95. The stock price has varied from a 52-week low of $0.54 to a high of $3.40. The firm's debt-to-equity ratio stands at 0.02, with a current ratio of 0.43 and a quick ratio of 0.21.

The most recent quarterly earnings report, released on November 12th, indicated that Ondas posted a loss of ($0.15) earnings per share, slightly missing analyst projections of ($0.14) by $0.01. The company reported a negative return on equity of 183.49% and a negative net margin of 544.24%, with revenues of $1.48 million against a consensus estimate of $1.32 million. In comparison to the previous year, the earnings per share reported remained consistent at ($0.15). Analysts currently anticipate Ondas will report -0.53 EPS for the present fiscal year.

About Ondas Holdings Inc.

Ondas Holdings Inc. offers solutions in private wireless communication, drone operation, and data automation through its subsidiaries. It operates in two main segments: Ondas Networks and Ondas Autonomous Systems, focusing on the design, development, manufacturing, and support of its FullMAX platform—a software-defined radio for expansive broadband networks.

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This article has been crafted using financial data and analysis to ensure prompt and accurate reporting on Ondas Holdings Inc.

Investment Considerations

Before making any financial decisions regarding Ondas, it’s advised to consider insights from top analysts. Recent evaluations suggest there may be more favorable investment opportunities available.

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