Ondas (NASDAQ:ONDS) Stock Price Down 12.9% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDS) dropped 12.9% during trading on Friday . The company traded as low as $10.33 and last traded at $10.43. Approximately 63,205,110 shares changed hands during trading, a decline of 26% from the average daily volume of 85,238,391 shares. The stock had previously closed at $11.97.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ONDS. HC Wainwright set a $17.00 price objective on Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Weiss Ratings raised shares of Ondas from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Northland Securities lifted their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Needham & Company LLC reissued a “buy” rating and issued a $23.00 price target on shares of Ondas in a research report on Tuesday, May 19th. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research report on Wednesday, May 6th. One 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 given a Sell rating to the company’s stock. According to MarketBeat, Ondas currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Trading Down 12.9%

The business has a fifty day moving average of $10.06 and a 200-day moving average of $10.05. The firm has a market cap of $5.27 billion, a PE ratio of 260.75 and a beta of 2.60.

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

Insider Buying and Selling

In other Ondas news, Director Randy Seidl sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total value of $98,300.00. Following the sale, the director directly owned 295,504 shares in the company, valued at $2,904,804.32. This represents a 3.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total transaction of $71,250.00. Following the transaction, the director owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,395,745 shares of company stock valued at $32,109,380. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NFSG Corp raised its holdings in shares of 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 in the last quarter. Western Wealth Management LLC purchased a new stake in Ondas in the first quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its position in Ondas by 5,373.7% during 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 last quarter. AdvisorNet Financial Inc bought a new stake in Ondas during the first quarter valued at approximately $35,000. Finally, Avion Wealth grew its stake in Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock worth $39,000 after buying an additional 2,000 shares in the last quarter. 37.73% of the stock is currently 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.