Ondas (NASDAQ:ONDS) Shares Down 8.1% – Should You Sell?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price dropped 8.1% during trading on Thursday . The company traded as low as $11.07 and last traded at $11.27. Approximately 86,769,302 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 113,131,695 shares. The stock had previously closed at $12.27.

Wall Street Analyst Weigh In

ONDS has been the topic of several recent analyst reports. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Thursday, December 18th. Oppenheimer lifted their price objective on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. HC Wainwright boosted their price objective on Ondas from $12.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Lake Street Capital raised their target price on Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ondas in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.29.

Ondas Price Performance

The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of -28.18 and a beta of 2.40. The firm has a 50 day simple moving average of $10.08 and a 200-day simple moving average of $7.26.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $10.10 million during the quarter, compared to the consensus estimate of $7.04 million. Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. On average, sell-side analysts forecast that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Ondas

In other news, Director Richard M. Cohen sold 25,861 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $245,162.28. Following the completion of the sale, the director owned 197,746 shares of the company’s stock, valued at approximately $1,874,632.08. This represents a 11.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jaspreet K. Sood sold 29,698 shares of Ondas stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $281,537.04. Following the completion of the transaction, the director directly owned 175,631 shares of the company’s stock, valued at approximately $1,664,981.88. This trade represents a 14.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,406,605 shares of company stock worth $12,109,365 in the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ONDS. Quadrature Capital Ltd purchased a new position in Ondas in the 2nd quarter worth $705,000. Arkadios Wealth Advisors purchased a new position in shares of Ondas in the second quarter worth about $144,000. XTX Topco Ltd lifted its stake in shares of Ondas by 2,796.2% in the 2nd quarter. XTX Topco Ltd now owns 853,568 shares of the company’s stock valued at $1,639,000 after acquiring an additional 824,096 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Ondas during the 3rd quarter valued at about $772,000. Finally, Thames Capital Management LLC bought a new position in Ondas during the 3rd quarter worth approximately $15,156,000. 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.