Ondas (NASDAQ:ONDS) Trading Down 2.6% – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price dropped 2.6% during trading on Monday . The stock traded as low as $8.52 and last traded at $9.00. 68,627,127 shares traded hands during trading, a decline of 20% from the average daily volume of 85,483,125 shares. The stock had previously closed at $9.24.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ONDS shares. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 target price on shares of Ondas in a research note on Friday. Oppenheimer boosted their price target on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday. Roth Capital started coverage on shares of Ondas in a report on Tuesday, August 11th. They issued a “buy” rating and a $13.00 price target on the stock. Wall Street Zen lowered Ondas from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, LADENBURG THALM/SH SH lifted their price objective on Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.18.

Ondas Stock Performance

The stock’s 50 day simple moving average is $8.27 and its 200 day simple moving average is $9.51. The firm has a market cap of $5.13 billion, a PE ratio of -128.57 and a beta of 2.72.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The company had revenue of $83.77 million for the quarter, compared to analysts’ expectations of $67.97 million. As a group, analysts anticipate that Ondas Holdings Inc. will post -0.33 earnings per share for the current year.

Insider Activity at Ondas

In other Ondas news, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the sale, the director owned 295,504 shares in the company, valued at $2,904,804.32. This trade represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the sale, the chief executive officer owned 3,583,010 shares in the company, valued at $48,119,824.30. The trade was a 39.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 2,395,745 shares of company stock valued at $32,109,380 over the last 90 days. 1.67% of the stock is owned by insiders.

Hedge Funds Weigh In On Ondas

A number of large investors have recently modified their holdings of the company. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Ondas in the fourth quarter worth approximately $6,734,000. CI Investments Inc. bought a new position in Ondas during the first quarter valued at approximately $4,255,000. The Manufacturers Life Insurance Company raised its stake in shares of Ondas by 664.0% during the first quarter. The Manufacturers Life Insurance Company now owns 129,481 shares of the company’s stock worth $1,171,000 after acquiring an additional 112,534 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Ondas by 160.1% during the first quarter. Royal Bank of Canada now owns 384,656 shares of the company’s stock worth $3,477,000 after acquiring an additional 236,782 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Ondas in the 4th quarter worth approximately $1,052,000. 37.73% of the stock is owned by hedge funds and other 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.