Ondas (NASDAQ:ONDS) Stock Price Down 5.9% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) dropped 5.9% during trading on Tuesday . The stock traded as low as $8.97 and last traded at $9.13. Approximately 55,521,624 shares were traded during trading, a decline of 34% from the average daily volume of 84,130,695 shares. The stock had previously closed at $9.70.

Analyst Ratings Changes

ONDS has been the topic of several recent research reports. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Glj Research set a $17.00 price objective on shares of Ondas in a report on Tuesday, March 10th. Weiss Ratings raised shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Wall Street Zen raised shares of Ondas from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Northland Securities upped their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Ondas has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Price Performance

The firm has a market capitalization of $4.55 billion, a PE ratio of 229.50 and a beta of 2.56. The company’s fifty day simple moving average is $9.86 and its 200 day simple moving average is $9.66.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. The company had revenue of $30.11 million for the quarter, compared to the consensus estimate of $27.49 million. On average, analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ondas

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of Ondas by 3,558,617.2% during the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock valued at $15,935,000 after buying an additional 2,063,998 shares during the period. DNB Asset Management AS increased its position in shares of Ondas by 88.4% during the third quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock valued at $2,547,000 after buying an additional 154,792 shares during the period. Ghisallo Capital Management LLC bought a new stake in shares of Ondas during the third quarter valued at about $7,720,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Ondas during the fourth quarter valued at about $6,734,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Ondas during the third quarter valued at about $772,000. 37.73% of the stock is currently owned by institutional investors.

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.