Ondas (NASDAQ:ONDS) Shares Down 2.5% – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS) dropped 2.5% during trading on Wednesday . The stock traded as low as $8.78 and last traded at $8.81. Approximately 57,760,440 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 96,115,711 shares. The stock had previously closed at $9.04.

Analyst Ratings Changes

ONDS has been the topic of a number of recent analyst reports. Northland Securities boosted their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Zacks Research downgraded shares of Ondas from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. Needham & Company LLC boosted their price objective on shares of Ondas from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a report on Thursday, December 18th. Finally, Glj Research set a $17.00 target price on shares of Ondas in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Ondas has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Stock Performance

The firm has a fifty day simple moving average of $10.22 and a 200-day simple moving average of $9.23. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of -14.33 and a beta of 2.59.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Ondas had a negative net margin of 270.37% and a negative return on equity of 69.00%. Analysts expect that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ondas

Institutional investors and hedge funds have recently made changes to their positions in the company. Avion Wealth lifted its holdings in Ondas by 100.0% during the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after purchasing an additional 2,000 shares during the last quarter. IFP Advisors Inc grew its holdings in 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 buying an additional 2,892 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Ondas by 1,005.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock worth $43,000 after buying an additional 4,000 shares during the period. Federation des caisses Desjardins du Quebec increased its position in Ondas by 228.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after buying an additional 3,063 shares during the period. Finally, American Capital Advisory LLC lifted its holdings in shares of Ondas by 4,600.0% during the fourth quarter. American Capital Advisory LLC now owns 4,700 shares of the company’s stock worth $46,000 after buying an additional 4,600 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.