Ondas (NASDAQ:ONDS) Stock Price Down 8.1% – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS) traded down 8.1% during mid-day trading on Tuesday . The stock traded as low as $7.00 and last traded at $7.04. Approximately 67,919,899 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 83,923,672 shares. The stock had previously closed at $7.66.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ONDS shares. Weiss Ratings cut Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Roth Capital reissued a “buy” rating on shares of Ondas in a research report on Tuesday, August 18th. Oppenheimer upped their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Ondas in a research note on Friday, August 14th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ondas has a consensus rating of “Moderate Buy” and a consensus target price of $17.18.

Ondas Price Performance

The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of -100.57 and a beta of 2.72. The stock has a 50 day simple moving average of $8.06 and a two-hundred day simple moving average of $9.35.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The business had revenue of $83.77 million during the quarter, compared to analysts’ expectations of $67.97 million. Equities research analysts predict that Ondas Holdings Inc. will post -0.47 EPS for the current year.

Insider Activity

In related news, Director Richard M. Cohen sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total transaction of $67,200.00. Following the transaction, the director owned 261,836 shares in the company, valued at $2,346,050.56. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. NFSG Corp raised its holdings in shares of Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after buying an additional 2,000 shares during the last quarter. Western Wealth Management LLC purchased a new position in Ondas in the first quarter worth $28,000. EverSource Wealth Advisors LLC lifted its holdings in Ondas by 5,373.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after acquiring an additional 3,063 shares during the period. AdvisorNet Financial Inc acquired a new stake in Ondas in the first quarter valued at $35,000. Finally, IFP Advisors Inc boosted its position in shares of 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 in the last quarter. 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.