Ondas (NASDAQ:ONDS) Shares Down 5.1% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price dropped 5.1% during mid-day trading on Friday . The stock traded as low as $9.18 and last traded at $9.33. Approximately 54,218,545 shares traded hands during trading, a decline of 35% from the average daily volume of 83,674,539 shares. The stock had previously closed at $9.83.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ONDS shares. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Needham & Company LLC restated a “buy” rating and set a $23.00 target price on shares of Ondas in a research report on Tuesday, May 19th. Glj Research set a $17.00 price target on shares of Ondas in a report on Tuesday, March 10th. Finally, HC Wainwright set a $17.00 price target on Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Stock Performance

The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 233.25 and a beta of 2.60. The business’s 50 day moving average price is $10.14 and its 200 day moving average price is $10.16.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative return on equity of 14.17% and a net margin of 247.85%.The firm had revenue of $30.11 million for the quarter, compared to analysts’ expectations of $27.49 million. Sell-side analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total transaction of $98,300.00. Following the completion of the transaction, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. This represents a 3.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the transaction, the chief executive officer owned 3,583,010 shares in the company, valued at $48,119,824.30. This trade represents a 39.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 2,395,745 shares of company stock valued at $32,109,380. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ondas

A number of large investors have recently added to or reduced their stakes in ONDS. NFSG Corp lifted its position in Ondas by 200.0% during the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after buying an additional 2,000 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Ondas in the first quarter valued at approximately $28,000. EverSource Wealth Advisors LLC increased its position in shares of Ondas by 5,373.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock worth $28,000 after acquiring an additional 3,063 shares during the period. AdvisorNet Financial Inc acquired a new stake in Ondas in the 1st quarter valued at about $35,000. Finally, Avion Wealth grew 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 acquiring an additional 2,000 shares in the last quarter. 37.73% of the stock is currently owned by institutional investors and hedge funds.

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.