$50 Million Army Order Puts Ondas (ONDS) Stock Back on the Radar
TLDR
- ONDS rose 4.2% to $9.11 on Friday, with 72.3 million shares traded, 15% below average daily volume.
- Subsidiary Mistral Inc. secured an additional U.S. Army order exceeding $50 million under an existing $982 million IDIQ contract.
- The most-followed analyst narrative pegs fair value at $19.50, suggesting the stock is 53% undervalued at current prices.
- Analyst consensus sits at “Moderate Buy” with an average price target of $16.75, though one analyst recently issued a sell rating.
- Insiders sold roughly 2.4 million shares worth $32.1 million over the past 90 days, including a large CEO sale tied to tax obligations.
Ondas Holdings (ONDS) climbed 4.2% to $9.11 on Friday, building on a 7-day gain of 21.63% and a 30-day gain of 25.48%. That’s a sharp reversal from a year-to-date decline of 17.33%.
Roughly 72.3 million shares changed hands during the session, about 15% below the stock’s average daily volume of 85.3 million. The stock hit an intraday high of $9.14 before settling near the close.
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