Ondas Sees Unusually Large Options Volume (NASDAQ:ONDS)

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

Ondas Price Performance

Shares of ONDS stock opened at $2.02 on Wednesday. The stock’s fifty day moving average is $0.93 and its 200-day moving average is $0.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.21 and a current ratio of 0.43. Ondas has a 52 week low of $0.54 and a 52 week high of $2.20. The stock has a market capitalization of $156.13 million, a PE ratio of -2.81 and a beta of 2.55.

Ondas (NASDAQ:ONDS) last released its earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. The firm had revenue of $1.48 million for the quarter, compared to the consensus estimate of $1.32 million. During the same quarter in the previous year, the firm earned ($0.15) EPS. Equities research analysts expect that Ondas will post -0.53 EPS for the current fiscal year.

Insider Buying and Selling at Ondas

In other Ondas news, Director Randy Seidl sold 21,359 shares of Ondas 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 sale, the director now directly owns 124,513 shares of the company’s stock, valued at approximately $160,621.77. The trade was a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 13.90% of the company’s stock.

Hedge Funds Weigh In On Ondas

Several institutional investors and hedge funds have recently modified their holdings of ONDS. Wealth Effects LLC lifted its position in 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. boosted its stake in shares of 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 during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Ondas by 12.8% during the 3rd quarter. Geode Capital Management LLC now owns 622,595 shares of the company’s stock worth $480,000 after acquiring an additional 70,502 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.