Ondas (NASDAQ:ONDS) Trading Down 1.9% – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS) traded down 1.9% during trading on Thursday . The company traded as low as $8.98 and last traded at $9.18. 55,290,947 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 83,357,430 shares. The stock had previously closed at $9.36.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Weiss Ratings upgraded shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Needham & Company LLC reiterated a “buy” rating and set a $23.00 target price on shares of Ondas in a report on Tuesday. Wall Street Zen upgraded shares of Ondas from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, HC Wainwright set a $17.00 target price on shares of Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Stock Performance

The company’s fifty day simple moving average is $9.87 and its 200-day simple moving average is $9.64. The company has a market capitalization of $4.55 billion, a P/E ratio of 229.50 and a beta of 2.56.

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

Institutional Trading of Ondas

A number of institutional investors have recently modified their holdings of the company. NFSG Corp raised its position in shares of Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after purchasing an additional 2,000 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of Ondas in the 1st quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its position in shares of Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after purchasing an additional 3,063 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in shares of Ondas in the 1st quarter valued at approximately $35,000. Finally, Avion Wealth raised its position in shares of Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after purchasing an additional 2,000 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors.

Ondas Company Profile

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.