Ondas (NASDAQ:ONDS) Shares Down 3.3% – Should You Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) was down 3.3% on Tuesday . The company traded as low as $8.67 and last traded at $8.96. Approximately 65,203,697 shares were traded during mid-day trading, an increase of 81% from the average daily volume of 35,941,570 shares. The stock had previously closed at $9.27.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ONDS. Oppenheimer raised shares of Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Friday, November 14th. Lake Street Capital lifted their price objective on shares of Ondas from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Zacks Research cut shares of Ondas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Stifel Nicolaus set a $13.00 target price on shares of Ondas and gave the company a “buy” rating in a report on Monday, December 15th. Finally, Needham & Company LLC raised their price target on Ondas from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.43.

Ondas Price Performance

The business’s 50 day moving average price is $7.57 and its 200-day moving average price is $5.42. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of -22.40 and a beta of 2.42.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. The firm had revenue of $10.10 million during the quarter, compared to analyst estimates of $7.04 million. As a group, analysts expect that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Ondas

In other news, Director Ron Stern sold 850,000 shares of Ondas stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $7.91, for a total transaction of $6,723,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ondas

Hedge funds have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP purchased a new stake in shares of Ondas in the third quarter valued at about $184,000. IFP Advisors Inc raised its position in shares of Ondas by 231.4% during the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in Ondas in the 3rd quarter valued at approximately $117,000. CIBC Bancorp USA Inc. acquired a new stake in Ondas during the 3rd quarter valued at $131,000. Finally, Dark Forest Capital Management LP acquired a new stake in Ondas during the 3rd quarter valued at $564,000. 37.73% of the stock is currently owned by hedge funds and other 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.