Ondas (NASDAQ:ONDS) Trading Down 8.7% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price was down 8.7% on Monday . The company traded as low as $9.46 and last traded at $9.70. Approximately 78,031,525 shares changed hands during trading, a decline of 8% from the average daily volume of 84,424,133 shares. The stock had previously closed at $10.62.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ONDS shares. Glj Research set a $17.00 price target on shares of Ondas in a research report on Tuesday, March 10th. Weiss Ratings upgraded Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded Ondas from a “sell” rating to a “hold” rating in a research report on Saturday. Oppenheimer upped their target price on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Finally, LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Trading Down 8.7%

The stock has a 50 day moving average of $9.91 and a 200 day moving average of $9.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.84 and a quick ratio of 4.68. The firm has a market cap of $4.75 billion, a P/E ratio of 242.50 and a beta of 2.56.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data 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). The firm had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. Ondas had a negative return on equity of 21.85% and a net margin of 247.85%. As a group, equities research analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Institutional Investors Weigh In On Ondas

A number of hedge funds have recently made changes to their positions in ONDS. NFSG Corp lifted its stake in Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock worth $27,000 after purchasing an additional 2,000 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after buying an additional 2,892 shares during the last quarter. AdvisorNet Financial Inc bought a new position in shares of Ondas during the first quarter valued at about $35,000. Avion Wealth increased its holdings in shares of Ondas by 100.0% in the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after buying an additional 2,000 shares during the period. Finally, Federation des caisses Desjardins du Quebec lifted its stake in shares of Ondas by 228.6% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock valued at $43,000 after acquiring an additional 3,063 shares during the last quarter. 37.73% of the stock is currently owned by 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.