Ondas (NASDAQ:ONDS) Stock Price Down 5.7% – Should You Sell?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price was down 5.7% during mid-day trading on Monday . The stock traded as low as $9.67 and last traded at $9.73. Approximately 47,293,878 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 85,118,656 shares. The stock had previously closed at $10.32.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ONDS shares. Glj Research set a $17.00 price objective on shares of Ondas in a research report on Tuesday, March 10th. Oppenheimer boosted their price objective on shares of Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Weiss Ratings raised shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen cut Ondas from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Stock Down 5.7%

The firm has a market capitalization of $4.72 billion, a PE ratio of -14.52 and a beta of 2.56. The company has a fifty day simple moving average of $10.05 and a two-hundred day simple moving average of $9.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.84.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. Analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Ondas

Hedge funds have recently modified their holdings of the business. IFP Advisors Inc lifted its position in shares of Ondas by 231.4% in 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 period. AdvisorNet Financial Inc purchased a new stake in shares of Ondas during the 1st quarter worth $35,000. Avion Wealth lifted its stake in shares of 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. Federation des caisses Desjardins du Quebec lifted its stake in shares of 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 purchasing an additional 3,063 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of 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 purchasing an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors 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.