Ondas (NASDAQ:ONDS) Stock Price Down 6.6% – Should You Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) was down 6.6% during trading on Wednesday . The company traded as low as $13.02 and last traded at $12.9710. Approximately 15,167,631 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 105,494,172 shares. The stock had previously closed at $13.89.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ONDS. HC Wainwright started coverage on shares of Ondas in a research note on Monday, October 6th. They issued a “buy” rating and a $12.00 target price on the stock. Stifel Nicolaus raised their price objective on Ondas from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a research report on Monday, December 29th. Zacks Research downgraded Ondas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Loop Capital set a $10.00 price target on Ondas in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.17.

Ondas Price Performance

The firm has a market capitalization of $5.05 billion, a P/E ratio of -32.96 and a beta of 2.40. The stock’s fifty day simple moving average is $8.73 and its 200 day simple moving average is $6.48.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $10.10 million for the quarter, compared to analyst estimates of $7.04 million. Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%. As a group, sell-side analysts forecast that Ondas Holdings Inc. will post -0.53 EPS for the current fiscal year.

Insider Transactions at Ondas

In other Ondas news, CEO Eric A. Brock sold 475,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the sale, the chief executive officer owned 1,461,255 shares of the company’s stock, valued at approximately $14,188,786.05. The trade was a 24.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard M. Cohen sold 25,861 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $245,162.28. Following the completion of the transaction, the director directly owned 197,746 shares of the company’s stock, valued at approximately $1,874,632.08. This represents a 11.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,406,605 shares of company stock worth $12,109,365 over the last ninety days. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ondas

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Ondas by 109.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after buying an additional 7,024,549 shares during the period. Hood River Capital Management LLC acquired a new stake in shares of Ondas in the second quarter worth $14,479,000. AWM Investment Company Inc. purchased a new position in shares of Ondas during the second quarter worth $11,123,000. Cresset Asset Management LLC raised its holdings in shares of Ondas by 263.5% during the second quarter. Cresset Asset Management LLC now owns 4,667,874 shares of the company’s stock worth $8,962,000 after purchasing an additional 3,383,629 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Ondas by 1,325.9% in the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after purchasing an additional 4,247,859 shares during the last quarter. 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.