Ondas (NASDAQ:ONDS) Shares Down 6.3% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS) shares fell 6.3% during mid-day trading on Tuesday . The stock traded as low as $9.04 and last traded at $9.65. 68,589,308 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 84,673,875 shares. The stock had previously closed at $10.30.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ONDS. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Glj Research set a $17.00 target price on Ondas in a research report on Tuesday, March 10th. HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. LADENBURG THALM/SH SH upgraded Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Northland Securities upped their price target on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Trading Down 6.3%

The business has a 50-day moving average price of $10.08 and a 200 day moving average price of $10.10. The stock has a market cap of $4.90 billion, a PE ratio of 241.25 and a beta of 2.60.

Ondas (NASDAQ:ONDS) last issued 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 net margin of 247.85% and a negative return on equity of 14.17%. The firm had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. On average, equities analysts predict that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Insider Activity

In related news, Director Randy Seidl sold 10,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the sale, the director owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value of $31,939,830.35. Following the sale, the chief executive officer directly owned 3,583,010 shares in the company, valued at $48,119,824.30. This trade represents a 39.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 2,395,745 shares of company stock valued at $32,109,380 in the last 90 days. Insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Institutional investors have recently added to or reduced their stakes in the stock. NFSG Corp lifted its holdings in Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Ondas in the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after acquiring an additional 3,063 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Ondas in the 1st quarter valued at about $35,000. Finally, Avion Wealth raised its holdings in shares of Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after acquiring an additional 2,000 shares in 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.