Ondas (NASDAQ:ONDS) Stock Price Down 3.2% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price fell 3.2% during trading on Tuesday . The company traded as low as $9.14 and last traded at $9.21. 51,227,739 shares traded hands during trading, a decline of 38% from the average daily volume of 83,116,906 shares. The stock had previously closed at $9.51.

Analyst Ratings Changes

Several equities analysts have recently commented on ONDS shares. HC Wainwright set a $17.00 price objective on Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Glj Research set a $17.00 target price on Ondas in a research note on Tuesday, March 10th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Weiss Ratings raised Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Stock Performance

The company has a market capitalization of $4.79 billion, a P/E ratio of 231.75 and a beta of 2.60. The business’s fifty day simple moving average is $10.13 and its 200-day simple moving average is $10.18.

Ondas (NASDAQ:ONDS) last released its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $27.49 million. As a group, analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Insider Activity at Ondas

In other Ondas news, CEO Eric A. Brock sold 2,378,245 shares of Ondas stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value of $31,939,830.35. Following the sale, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. The trade was a 39.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total value of $71,250.00. Following the sale, the director directly owned 264,853 shares in the company, 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. Over the last three months, insiders sold 2,395,745 shares of company stock valued at $32,109,380. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

Hedge funds have recently bought and sold shares of the business. NFSG Corp grew its stake in shares of Ondas by 200.0% in the 1st 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 purchased a new stake in shares of Ondas during the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company’s stock valued at $28,000 after acquiring an additional 3,063 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after acquiring an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc purchased a new position in Ondas in the first quarter worth about $35,000. 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.