Ondas (NASDAQ:ONDS) Shares Down 4% – Should You Sell?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price dropped 4% during mid-day trading on Tuesday . The company traded as low as $8.50 and last traded at $8.53. 44,772,440 shares were traded during trading, a decline of 45% from the average session volume of 82,134,289 shares. The stock had previously closed at $8.89.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings lowered Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $23.00 price objective on shares of Ondas in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ondas presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

Ondas Stock Performance

The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 191.88 and a beta of 2.60. The business has a fifty day moving average of $10.07 and a two-hundred day moving average of $10.20.

Ondas (NASDAQ:ONDS) last issued its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $27.49 million. On average, equities research analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Insider Activity at Ondas

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

Large investors have recently bought and sold shares of the stock. NFSG Corp boosted its stake in shares of Ondas by 200.0% during the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after acquiring an additional 2,000 shares during the last quarter. Western Wealth Management LLC acquired a new position in Ondas in the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 3,063 shares in the last quarter. IFP Advisors Inc lifted its holdings in 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 purchasing an additional 2,892 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new stake in shares of Ondas during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 37.73% of the company’s stock.

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.