Ondas (NASDAQ:ONDS) Stock Price Down 10% – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price dropped 10% during mid-day trading on Wednesday . The company traded as low as $7.64 and last traded at $7.68. 72,825,225 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 82,113,227 shares. The stock had previously closed at $8.53.

Wall Street Analyst Weigh In

ONDS has been the topic of a number of research analyst reports. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen cut shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. HC Wainwright set a $17.00 price target on Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Needham & Company LLC restated a “buy” rating and set a $23.00 price objective on shares of Ondas in a research note on Tuesday, May 19th. Finally, Weiss Ratings raised Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Ondas has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Ondas Trading Down 10.0%

The firm’s 50-day moving average price is $10.11 and its 200 day moving average price is $10.21. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 192.00 and a beta of 2.60.

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

Insider Buying and Selling at Ondas

In other news, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the sale, the director directly owned 295,504 shares in the company, valued at approximately $2,904,804.32. This trade represents a 3.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric A. Brock sold 2,378,245 shares of Ondas stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total transaction of $31,939,830.35. Following the sale, the chief executive officer directly owned 3,583,010 shares in the company, valued at $48,119,824.30. This trade represents a 39.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $32,109,380 over the last 90 days. Insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

A number of hedge funds have recently added to or reduced their stakes in the stock. NFSG Corp lifted its stake in shares of Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after acquiring an additional 2,000 shares during the period. Western Wealth Management LLC acquired a new stake in Ondas during the 1st quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its holdings in Ondas by 5,373.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after purchasing an additional 3,063 shares during the last quarter. IFP Advisors Inc raised its holdings in Ondas by 231.4% during the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc acquired a new position in shares of Ondas in the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

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.