Ondas (NASDAQ:ONDS) Trading Down 4.4% – Time to Sell?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) dropped 4.4% during mid-day trading on Friday . The stock traded as low as $7.80 and last traded at $7.8810. Approximately 32,553,661 shares changed hands during trading, an increase of 1% from the average daily volume of 32,385,219 shares. The stock had previously closed at $8.24.

Analyst Upgrades and Downgrades

ONDS has been the topic of several research analyst reports. Needham & Company LLC upped their price objective on Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Lake Street Capital boosted their price objective on Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Research lowered shares of Ondas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Loop Capital set a $10.00 target price on shares of Ondas in a research note on Wednesday. Finally, HC Wainwright assumed coverage on shares of Ondas in a research note on Monday, October 6th. They set a “buy” rating and a $12.00 price target on the stock. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $9.67.

Ondas Stock Down 4.4%

The stock has a market capitalization of $2.90 billion, a P/E ratio of -19.70 and a beta of 2.43. The company has a 50-day moving average price of $7.71 and a two-hundred day moving average price of $4.56.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $10.10 million during the quarter, compared to the consensus estimate of $7.04 million. Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. Ondas has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Insider Activity

In related news, Director Ron Stern sold 850,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $7.91, for a total value of $6,723,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Several institutional investors and hedge funds have recently modified their holdings of ONDS. RiverGlades Family Offices LLC increased its position in shares of Ondas by 54.0% during the 3rd quarter. RiverGlades Family Offices LLC now owns 15,400 shares of the company’s stock valued at $119,000 after purchasing an additional 5,400 shares during the last quarter. Wexford Capital LP purchased a new stake in Ondas in the third quarter worth approximately $67,000. SBI Securities Co. Ltd. grew its position in Ondas by 154.9% during the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock valued at $31,000 after acquiring an additional 9,904 shares during the last quarter. Beaird Harris Wealth Management LLC raised its stake in shares of Ondas by 61.5% during the third quarter. Beaird Harris Wealth Management LLC now owns 26,250 shares of the company’s stock worth $203,000 after acquiring an additional 10,000 shares in the last quarter. Finally, HBK Sorce Advisory LLC purchased a new position in shares of Ondas during the third quarter worth approximately $77,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Ondas Company Profile

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.