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

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price dropped 4% during mid-day trading on Tuesday . The stock traded as low as $8.80 and last traded at $9.04. Approximately 36,632,817 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 82,470,820 shares. The stock had previously closed at $9.42.

Analysts Set New Price Targets

ONDS has been the subject of several recent research reports. Needham & Company LLC upped their price objective on Ondas from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Lake Street Capital upped their price objective on Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Northland Securities upped their price objective on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Zacks Research downgraded Ondas from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. Finally, Oppenheimer upped their target price on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Price Performance

The stock has a market capitalization of $4.41 billion, a P/E ratio of -13.49 and a beta of 2.56. The business has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $9.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.84.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings results 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 business had revenue of $30.11 million for the quarter, compared to the consensus estimate of $27.49 million. Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%. Sell-side analysts expect that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ondas

A number of institutional investors and hedge funds have recently modified their holdings of ONDS. Van ECK Associates Corp bought a new position in shares of Ondas in the 4th quarter worth $71,202,000. Vanguard Group Inc. lifted its holdings in shares of Ondas by 109.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after purchasing an additional 7,024,549 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of Ondas by 1,325.9% in the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock worth $35,267,000 after purchasing an additional 4,247,859 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Ondas in the 4th quarter worth $33,473,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Ondas by 9,274.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,466,373 shares of the company’s stock worth $33,832,000 after purchasing an additional 3,429,398 shares in the last quarter. 37.73% of the stock is currently owned by institutional investors.

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.