Ondas (NASDAQ:ONDS) Stock Price Down 2.5% – Should You Sell?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price was down 2.5% during trading on Wednesday . The company traded as low as $8.78 and last traded at $8.81. Approximately 57,760,440 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 96,115,711 shares. The stock had previously closed at $9.04.

Analyst Ratings Changes

ONDS has been the topic of a number of recent analyst reports. Glj Research set a $17.00 price target on shares of Ondas in a research note on Tuesday, March 10th. Zacks Research cut shares of Ondas from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Ondas Stock Down 2.5%

The company has a market cap of $4.03 billion, a price-to-earnings ratio of -13.15 and a beta of 2.47. The company has a fifty day simple moving average of $10.35 and a two-hundred day simple moving average of $9.23.

Ondas (NASDAQ:ONDS) last released 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 69.00% and a negative net margin of 270.37%.The firm had revenue of $30.11 million for the quarter, compared to analyst estimates of $27.49 million. On average, research analysts predict that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Institutional Trading of Ondas

Institutional investors and hedge funds have recently modified their holdings of the business. Beaird Harris Wealth Management LLC increased its stake in shares of Ondas by 3.8% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock worth $266,000 after purchasing an additional 1,000 shares in the last quarter. Avion Wealth raised its position in shares of Ondas by 100.0% during the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after purchasing an additional 2,000 shares during the last quarter. IFP Advisors Inc lifted its stake in Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Ondas by 30.0% in the 4th quarter. Global Retirement Partners LLC now owns 13,000 shares of the company’s stock valued at $127,000 after buying an additional 3,000 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its holdings in Ondas by 228.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock valued at $43,000 after buying an additional 3,063 shares during the last quarter. Hedge funds and other institutional investors own 37.73% of the company’s stock.

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.