Ondas shares jumped 10.5% on strong volume despite a quarterly loss, as revenue beat expectations and call options surged.

Ondas (ONDS) shares rose 10.5% to $8.92 on Wednesday, December 3, 2025, on heavy trading volume of 135.8 million shares—over four times average—driven by a surge in call option purchases. The company reported a Q3 loss of $0.06 per share, slightly better than expected, and revenue of $10.10 million, surpassing estimates. Despite a mixed analyst outlook and a "sell" rating from one firm, the consensus remains "Moderate Buy" with a $9.67 target. The stock has a market cap of $3.29 billion, negative P/E of -22.30, and high volatility with a beta of 2.42. Insider Ron Stern sold 850,000 shares for $6.7 million on November 26.