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

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) were down 2% during trading on Wednesday . The stock traded as low as $8.67 and last traded at $8.86. Approximately 48,529,947 shares traded hands during trading, a decline of 41% from the average daily volume of 82,064,813 shares. The stock had previously closed at $9.04.

Analyst Ratings Changes

ONDS has been the subject of a number of analyst reports. Lake Street Capital boosted their price objective on shares of Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. HC Wainwright set a $17.00 target price on shares of Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Zacks Research lowered shares of Ondas from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. Weiss Ratings upgraded shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, April 21st. Finally, Oppenheimer raised their price target on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Ondas has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Trading Down 1.8%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.84. The company’s 50 day moving average is $9.92 and its 200 day moving average is $9.52. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of -13.25 and a beta of 2.56.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (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 return on equity of 53.14% and a negative net margin of 270.37%. On average, research analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Ondas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NFSG Corp grew its holdings in shares of 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. IFP Advisors Inc raised its stake in shares of Ondas by 231.4% in the third 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. AdvisorNet Financial Inc acquired a new position in shares of Ondas in the first quarter valued at $35,000. Avion Wealth lifted its position in Ondas by 100.0% in the fourth 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 period. Finally, Federation des caisses Desjardins du Quebec boosted its stake in Ondas by 228.6% during the fourth 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 in the last quarter. 37.73% of the stock is currently owned by institutional investors.

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.