Ondas (NASDAQ:ONDS) Stock Price Down 4% – Should You Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) shares dropped 4% during mid-day trading on Tuesday . The company traded as low as $8.80 and last traded at $9.04. Approximately 36,632,817 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 82,470,820 shares. The stock had previously closed at $9.42.

Analyst Ratings Changes

ONDS has been the topic of a number of recent research reports. Stifel Nicolaus increased their target price on Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Lake Street Capital increased their target price on Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Oppenheimer increased their target price on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Needham & Company LLC increased their target price on Ondas from $17.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Finally, Zacks Research cut Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Trading Down 4.0%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.84. The firm has a 50 day simple moving average of $9.94 and a two-hundred day simple moving average of $9.51. The firm has a market capitalization of $4.41 billion, a P/E ratio of -13.49 and a beta of 2.56.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data 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 negative net margin of 270.37% and a negative return on equity of 53.14%. The company had revenue of $30.11 million for the quarter, compared to the consensus estimate of $27.49 million. Equities research analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On Ondas

Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. purchased a new stake in shares of Ondas during the 1st quarter valued at $63,000. AlphaCentric Advisors LLC purchased a new stake in shares of Ondas during the 1st quarter valued at $497,000. Swiss National Bank increased its position in shares of Ondas by 16.4% during the 1st quarter. Swiss National Bank now owns 801,100 shares of the company’s stock valued at $7,242,000 after purchasing an additional 112,600 shares during the last quarter. GatePass Capital LLC increased its position in shares of Ondas by 5.0% during the 1st quarter. GatePass Capital LLC now owns 210,000 shares of the company’s stock valued at $1,898,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Fiscal Wisdom Wealth Management LLC purchased a new stake in shares of Ondas during the 1st quarter valued at $274,000. 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.