Ondas Sees Unusually Large Options Volume (NASDAQ:ONDS)

Ondas Holdings Inc. (NASDAQ:ONDS) was the target of some unusual options trading on Tuesday. Stock traders purchased 2,649 call options on the stock. This represents an increase of 199% compared to the average daily volume of 887 call options.

Insider Activity at Ondas

In related news, Director Randy Seidl sold 21,359 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $1.29, for a total value of $27,553.11. Following the transaction, the director now owns 124,513 shares in the company, valued at approximately $160,621.77. This trade represents a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Ondas by 12.8% in the 3rd quarter. Geode Capital Management LLC now owns 622,595 shares of the company’s stock valued at $480,000 after acquiring an additional 70,502 shares in the last quarter. Diamond Hill Capital Management Inc. grew its position in Ondas by 35.8% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 407,400 shares of the company’s stock valued at $314,000 after purchasing an additional 107,400 shares during the period. Finally, Wealth Effects LLC increased its stake in Ondas by 7.7% during the 3rd quarter. Wealth Effects LLC now owns 168,500 shares of the company’s stock valued at $130,000 after purchasing an additional 12,000 shares in the last quarter. Institutional investors and hedge funds own 37.73% of the company’s stock.

Ondas Stock Up 3.6 %

ONDS stock opened at $2.02 on Wednesday. The firm has a 50-day moving average price of $0.93 and a 200-day moving average price of $0.85. Ondas has a 12 month low of $0.54 and a 12 month high of $2.20. The company has a current ratio of 0.43, a quick ratio of 0.21 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $156.13 million, a P/E ratio of -2.81 and a beta of 2.55.

Ondas (NASDAQ:ONDS) last posted its earnings results on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.48 million during the quarter, compared to the consensus estimate of $1.32 million. During the same quarter in the prior year, the business posted ($0.15) earnings per share. As a group, equities research analysts anticipate 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.