Ondas (NASDAQ:ONDS) Shares Down 9.7% – What’s Next?

Shares of Ondas Holdings Inc. (NASDAQ:ONDS) traded down 9.7% during mid-day trading on Friday . The stock traded as low as $7.87 and last traded at $7.90. Approximately 69,392,897 shares were traded during trading, a decline of 18% from the average daily volume of 84,344,695 shares. The stock had previously closed at $8.75.

Wall Street Analysts Forecast Growth

ONDS has been the topic of several analyst reports. Weiss Ratings cut shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of Ondas in a research note on Friday, August 14th. Oppenheimer increased their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. LADENBURG THALM/SH SH upped their price target on Ondas from $21.50 to $22.75 and gave the stock a “buy” rating in a research report on Monday, August 17th. Finally, Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.18.

Ondas Price Performance

The company has a 50 day moving average price of $8.11 and a 200 day moving average price of $9.38. The firm has a market cap of $4.51 billion, a PE ratio of -113.00 and a beta of 2.72.

Ondas (NASDAQ:ONDS) last announced its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The firm had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. On average, equities analysts anticipate that Ondas Holdings Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Activity at Ondas

In other news, 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 completion of the sale, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Richard M. Cohen sold 7,500 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total transaction of $67,200.00. Following the transaction, the director owned 261,836 shares in the company, valued at $2,346,050.56. This represents a 2.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ONDS. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Ondas during the fourth quarter worth about $6,734,000. CI Investments Inc. acquired a new stake in shares of Ondas during the 1st quarter worth $4,255,000. The Manufacturers Life Insurance Company increased its position in Ondas by 664.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 129,481 shares of the company’s stock worth $1,171,000 after purchasing an additional 112,534 shares in the last quarter. Royal Bank of Canada raised its holdings in Ondas by 160.1% in the 1st quarter. Royal Bank of Canada now owns 384,656 shares of the company’s stock valued at $3,477,000 after buying an additional 236,782 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in Ondas in the first quarter valued at approximately $5,000,000. Institutional investors 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.