What's Going on With Ondas Stock Monday?

Ondas Inc. (NASDAQ: ONDS ) stock is surging on Monday due to an acceleration of massive defense contract wins, capped off by a newly announced strategic investment in FPF Defense. Ondas and RSE Ventures co-led the strategic investment in FPF Defense, a defense technology company developing autonomous counter-drone systems, the companies announced on Friday. Financial terms of the transaction were not disclosed.

81%. Read Also: Ondas Expands Military Tech Pipeline with $70M in New Autonomous Orders Target Capabilities And Cost Asymmetry The investment will support the development of FPF’s SmartFlak counter-unmanned aerial system, which uses the Hammerhead autonomous interceptor to target Shahed-class one-way attack drones. FPF stated the system addresses the cost gap between low-cost attack drones and traditional missile interceptors. As part of the deal, FPF will relocate its headquarters to West Palm Beach, Florida.

FPF joins Ondas in West Palm Beach as both companies work to expand the defense technology ecosystem in the region. Executive Comments And Operational Capital "Ondas is focused on solving the most critical challenges in autonomous and counter-drone warfare, and we uphold the highest standards for the teams we partner with," Ondas CEO Eric Brock said. " Technical Analysis Ondas remains in a longer-term recovery phase. 39.

Those levels could act as resistance after the death cross recorded in July, when the 50-day average moved below the 200-day average. The shorter-term trend has improved. 72, indicating recent buying momentum. 15, suggesting neutral momentum.

The reading does not indicate that the stock is overbought or oversold. 00, a nearby round-number level that could attract buyers. 50, near the 200-day exponential moving average. Earnings And Analyst Outlook Ondas is expected to report second-quarter results on August 11.

EPS estimate: Loss of 6 cents per share, compared with a loss of 8 cents a year earlier. 27 million a year earlier. 8. 50.

Recent analyst actions include: Needham reaffirmed its Buy rating and lowered its price forecast to $19 on July 7. Needham maintained its Buy rating and $23 price forecast on May 19. Northland Capital Markets maintained its Outperform rating and raised its price forecast to $18 on March 26. 07% Weight Significance: Because ONDS carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

01 during premarket trading on Monday, according to Pro data. Photo by T. Schneider via Shutterstock Read Also: Michael Burry Says Wall Street Has Turned on Big Tech's AI Spending: 'The Market Has Voted'