Ondas (NASDAQ:ONDS) Stock Price Down 2.6% – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS) traded down 2.6% during mid-day trading on Monday . The stock traded as low as $8.52 and last traded at $9.00. Approximately 68,627,127 shares were traded during mid-day trading, a decline of 20% from the average session volume of 85,483,125 shares. The stock had previously closed at $9.24.

Wall Street Analyst Weigh In

ONDS has been the subject of several analyst reports. Roth Capital began coverage on shares of Ondas in a report on Tuesday, August 11th. They issued a “buy” rating and a $13.00 target price for the company. Oppenheimer upped their price objective on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday. Weiss Ratings lowered shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. LADENBURG THALM/SH SH lifted their target price on shares of Ondas from $21.50 to $22.75 and gave the stock a “buy” rating in a research report on Monday. Finally, Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of Ondas in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.18.

Ondas Price Performance

The firm has a market cap of $5.13 billion, a PE ratio of -128.57 and a beta of 2.72. The business’s fifty day moving average is $8.27 and its 200-day moving average is $9.51.

Ondas (NASDAQ:ONDS) last released its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The company had revenue of $83.77 million during the quarter, compared to analysts’ expectations of $67.97 million. Analysts forecast that Ondas Holdings Inc. will post -0.33 EPS for the current year.

Insider Activity at Ondas

In other Ondas news, Director Randy Seidl sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the sale, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This trade represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric A. Brock sold 2,378,245 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 2,395,745 shares of company stock worth $32,109,380. Insiders own 1.67% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ONDS. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Ondas in the fourth quarter valued at $6,734,000. CI Investments Inc. bought a new position in Ondas in the 1st quarter worth about $4,255,000. The Manufacturers Life Insurance Company boosted its stake in Ondas by 664.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 129,481 shares of the company’s stock worth $1,171,000 after purchasing an additional 112,534 shares during the period. Royal Bank of Canada grew its holdings in Ondas by 160.1% during the 1st quarter. Royal Bank of Canada now owns 384,656 shares of the company’s stock valued at $3,477,000 after buying an additional 236,782 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Ondas during the 4th quarter valued at about $1,052,000. Hedge funds and other institutional investors 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.