Ondas (NASDAQ:ONDS) Stock Price Down 4.7% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) shares traded down 4.7% during mid-day trading on Thursday . The stock traded as low as $10.10 and last traded at $10.54. 51,801,644 shares changed hands during trading, a decline of 41% from the average session volume of 88,547,523 shares. The stock had previously closed at $11.06.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ONDS. Weiss Ratings raised Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. Zacks Research cut Ondas from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. Lake Street Capital raised their target price on Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. HC Wainwright set a $17.00 target price on shares of Ondas and gave the company a “buy” rating in a research note on Tuesday, March 10th. Finally, Northland Securities upped their target price on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Ondas Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.84. The firm has a market cap of $5.08 billion, a P/E ratio of -15.73 and a beta of 2.59. The company has a 50-day moving average of $10.01 and a 200 day moving average of $9.48.

Ondas (NASDAQ:ONDS) last posted its earnings results on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%.The company had revenue of $30.11 million for the quarter, compared to the consensus estimate of $27.49 million. On average, sell-side analysts anticipate that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Ondas

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Ondas by 39.9% in the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after purchasing an additional 5,351,725 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Ondas in the fourth quarter valued at approximately $71,202,000. State Street Corp raised its stake in shares of Ondas by 130.2% in the fourth quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after acquiring an additional 2,920,071 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after acquiring an additional 4,247,859 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Ondas by 22.3% in the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock valued at $41,558,000 after acquiring an additional 774,862 shares during the last quarter. Institutional investors own 37.73% of the company’s stock.

About Ondas

Ondas Holdings, Inc (NASDAQ: ONDS) develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.

The company’s Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.