Our Small-Cap Defense Name Surges After $70 Million Update
We had waited for this one to show some life. Ondas Inc ($ONDS) rallied 11.5% on Tuesday and is up again this (Wednesday) morning. There is some news.
The firm announced that it had secured as much as $70 million in new orders over the past four weeks across its defense, security and autonomous technology platforms. These orders include unmanned ground systems, border security/reconnaissance technology, protection/defense technologies, counter-unmanned aircraft (drone) systems, intelligence, surveillance and autonomous precision-strike capabilities. The orders include a recently announced $6.9 million order for Ondas C-UAS systems by the armed forces of Australia.
Upcoming Portfolio Earnings
SoFi Technologies ($SOFI) is set to release the firm’s second quarter financial results after the closing bell on Wednesday, July 29. Wall Street is looking for a GAAP EPS of $0.11 on revenue of $1.12 billion. This would compare to the year-ago EPS print of $0.09 on year-over-year sales growth of 30.4%.
Tuesday’s Intentions vs Actual Trades
Intention: Sell 50 shares of ONDS at or close to the last sale of $7.73
Actual trade: Sold 50 shares of ONDS at $7.59
Intention: Purchase 25 shares of ($ALTO) at or close to the last sale of $5.02
Actual trade: Bought 25 shares of ALTO at $5.11
Wednesday’s Intention
Purchase 5 shares of SOFI at or close to the last sale of $17.09 (to make a long position of 150 shares)
Current Positions
Long 175 shares of ALTO at $5.4527. Target price: $8. Last sale: $5.17.
Long 80 shares of ($EVLV) at $5.8959. Target price: $8.50. Last sale: $5.47.
Long 40 shares of ($INSG) at $8.2863. Target price: $11. Last sale: $7.57.
Long 100 shares of ($OCUL) at $8.3569. Target price: $11. Last sale: $8.71.
Short one OCUL $11 September 18 call at $1.65. Last sale: $1.00.
Long 250 shares of ONDS at $8.4266. Target price: $14. Last sale: $8.26.
Long 30 shares of ($PL) at $27.0367. Target price: $46. Last sale: $22.78.
Long 60 shares of ($RXT) at $5.4621. No target price. Last sale: $4.21.
Long 145 shares of SOFI at $15.9559. Target price: $24. Last sale: $17.07.
Short one SOFI August 21 $20 call at $1.02. Last sale: $0.44.
Long 30 shares of ($SWBI) at $15.74. Target price: $19. Last sale: $14.93.
Long 80 shares of ($VELO) at $13.1308. Target price: $18. Last sale: $10.95.
Cash: $1,141.99.
Portfolio Value: $10,342.77, +3.4% from inception on March 24.
At the time of publication, Guilfoyle was long ALTO, EVLV, INSG, OCUL, ONDS, PL, RXT, SOFI, SWBI and VELO.
