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

Ondas Holdings Inc. (NASDAQ:ONDS) fell 8.1% during trading on Tuesday . The company traded as low as $7.00 and last traded at $7.04. Approximately 67,919,899 shares changed hands during trading, a decline of 19% from the average daily volume of 83,923,672 shares. The stock had previously closed at $7.66.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen lowered Ondas from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 target price on shares of Ondas in a report on Friday, August 14th. LADENBURG THALM/SH SH boosted their price target on Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a report on Monday, August 17th. Weiss Ratings cut Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Finally, Oppenheimer upped their target price on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ondas presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.18.

Ondas Stock Performance

The firm’s 50-day moving average is $8.03 and its 200 day moving average is $9.32. The firm has a market capitalization of $4.33 billion, a PE ratio of -108.29 and a beta of 2.74.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data 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). The firm had revenue of $83.77 million during the quarter, compared to analysts’ expectations of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. As a group, equities analysts anticipate that Ondas Holdings Inc. will post -0.47 earnings per share for the current year.

Insider Activity

In other news, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total transaction of $67,200.00. Following the sale, the director directly owned 261,836 shares of the company’s stock, valued at $2,346,050.56. This represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.67% of the company’s stock.

Hedge Funds Weigh In On Ondas

Several institutional investors and hedge funds have recently made changes to their positions in the company. NFSG Corp boosted its position in Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after buying an additional 2,000 shares in the last quarter. Western Wealth Management LLC bought a new position in Ondas during the first quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its holdings in Ondas by 5,373.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after purchasing an additional 3,063 shares in the last quarter. AdvisorNet Financial Inc bought a new position in shares of Ondas in the first quarter worth approximately $35,000. Finally, IFP Advisors Inc boosted its stake in shares of 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 purchasing an additional 2,892 shares in 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.