Ondas (NASDAQ:ONDS) Stock Price Down 2% – Should You Sell?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) fell 2% during trading on Friday . The stock traded as low as $9.77 and last traded at $10.00. 58,099,132 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 89,290,555 shares. The stock had previously closed at $10.20.

Wall Street Analyst Weigh In

Several research firms have recently commented on ONDS. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a report on Friday, March 27th. Stifel Nicolaus upped their price objective on shares of Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Thursday, December 18th. Wall Street Zen downgraded shares of Ondas from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, Oppenheimer increased their price target on shares of Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Ondas currently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Price Performance

The stock’s fifty day moving average is $9.93 and its 200-day moving average is $9.41. The stock has a market capitalization of $4.82 billion, a PE ratio of -14.93 and a beta of 2.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.68.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%.The firm had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. As a group, equities analysts predict that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ondas

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Ondas by 39.9% during the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after acquiring an additional 5,351,725 shares during the period. Van ECK Associates Corp acquired a new position in Ondas during the fourth quarter worth $71,202,000. State Street Corp raised its position in Ondas by 130.2% during the fourth quarter. State Street Corp now owns 5,162,151 shares of the company’s stock worth $50,383,000 after acquiring an additional 2,920,071 shares during the period. Two Sigma Investments LP raised its position in Ondas by 1,325.9% during the third quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after acquiring an additional 4,247,859 shares during the period. Finally, Geode Capital Management LLC raised its position in Ondas by 22.3% during the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock worth $41,558,000 after acquiring an additional 774,862 shares during the period. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.