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

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price was down 8.1% during mid-day trading on Thursday . The stock traded as low as $11.07 and last traded at $11.27. Approximately 86,769,302 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 113,131,695 shares. The stock had previously closed at $12.27.

Wall Street Analysts Forecast Growth

ONDS has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Loop Capital set a $10.00 target price on Ondas in a research note on Wednesday, November 26th. Zacks Research cut shares of Ondas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of Ondas in a research report on Monday, December 29th. Finally, LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.29.

Ondas Trading Down 8.1%

The firm has a market cap of $4.76 billion, a PE ratio of -28.18 and a beta of 2.40. The company’s 50 day moving average price is $10.08 and its two-hundred day moving average price is $7.26.

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). Ondas had a negative return on equity of 35.16% and a negative net margin of 192.60%.The business had revenue of $10.10 million during the quarter, compared to analysts’ expectations of $7.04 million. Equities research analysts expect that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Insider Activity

In other Ondas news, Director Richard M. Cohen sold 25,861 shares of Ondas stock in a transaction on Monday, December 22nd. The shares were 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 $1,874,632.08. The trade was a 11.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jaspreet K. Sood sold 29,698 shares of Ondas stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total transaction of $281,537.04. Following the transaction, the director directly owned 175,631 shares of the company’s stock, valued at approximately $1,664,981.88. This represents a 14.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,406,605 shares of company stock worth $12,109,365. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Ondas

Several large investors have recently added to or reduced their stakes in ONDS. SBI Securities Co. Ltd. boosted its holdings in shares of Ondas by 154.9% in the second quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock valued at $31,000 after purchasing an additional 9,904 shares during the period. IFP Advisors Inc boosted its position in Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares in the last quarter. Penbrook Management LLC purchased a new position in shares of Ondas in the 2nd quarter worth approximately $35,000. Exencial Wealth Advisors LLC purchased a new position in Ondas in the second quarter worth $36,000. Finally, Trivium Point Advisory LLC purchased a new position in Ondas during the 2nd quarter worth $38,000. 37.73% of the stock is owned by hedge funds and other 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.