Ondas (NASDAQ:ONDS) Shares Down 3.3% – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price dropped 3.3% during trading on Thursday . The stock traded as low as $9.01 and last traded at $9.14. Approximately 37,458,898 shares were traded during trading, a decline of 60% from the average daily volume of 92,995,617 shares. The stock had previously closed at $9.45.

Analyst Ratings Changes

ONDS has been the topic of several analyst reports. Lake Street Capital boosted their price target on shares of Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. Zacks Research cut shares of Ondas from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. Northland Securities upped their target price on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. Finally, Oppenheimer upped their target price on shares of Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. One 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Ondas Trading Down 3.3%

The firm has a market cap of $4.27 billion, a price-to-earnings ratio of -13.64 and a beta of 2.59. The stock’s 50 day moving average is $10.02 and its 200 day moving average is $9.34.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative net margin of 270.37% and a negative return on equity of 69.00%. The company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. On average, equities research analysts predict that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Ondas by 39.9% during the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after purchasing an additional 5,351,725 shares in the last quarter. Van ECK Associates Corp bought a new stake in shares of Ondas during the 4th quarter worth approximately $71,202,000. AWM Investment Company Inc. bought a new position in Ondas in the 2nd quarter valued at approximately $11,123,000. State Street Corp lifted its stake in Ondas by 130.2% in the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after purchasing an additional 2,920,071 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in Ondas by 1,325.9% in the 3rd 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.

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.