Ondas (NASDAQ:ONDS) Trading Down 8.1% – Here’s Why

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ONDS shares. Oppenheimer upped their price target on Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Needham & Company LLC reiterated a “buy” rating and set a $19.00 target price on shares of Ondas in a research report on Friday, August 14th. LADENBURG THALM/SH SH raised their price target on Ondas from $21.50 to $22.75 and gave the company a “buy” rating in a research report on Monday, August 17th. Zacks Research raised Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Roth Capital reiterated a “buy” rating on shares of Ondas in a research report on Tuesday, August 18th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ondas has a consensus rating of “Moderate Buy” and a consensus target price of $17.18.

Ondas Price Performance

The firm has a market capitalization of $4.02 billion, a PE ratio of -100.57 and a beta of 2.72. The company has a 50-day moving average price of $8.06 and a 200-day moving average price of $9.35.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). Ondas had a negative return on equity of 14.20% and a net margin of 93.55%.The company had revenue of $83.77 million for the quarter, compared to analysts’ expectations of $67.97 million. On average, research analysts predict that Ondas Holdings Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Ondas

In related news, Director Richard M. Cohen sold 7,500 shares of the company’s 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 transaction, the director owned 261,836 shares of the company’s stock, valued at approximately $2,346,050.56. This represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Ondas

Hedge funds and other institutional investors have recently bought and sold shares of the company. NFSG Corp raised its holdings in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after acquiring an additional 2,000 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of Ondas during the first quarter worth $28,000. EverSource Wealth Advisors LLC grew its position in shares of Ondas by 5,373.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after purchasing an additional 3,063 shares during the period. AdvisorNet Financial Inc purchased a new stake in shares of Ondas in the first quarter valued at $35,000. Finally, IFP Advisors Inc increased its stake in 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 during the last quarter. 37.73% of the stock is owned by hedge funds and other institutional investors.

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.