Ondas (NASDAQ:ONDS) Trading Down 1.9% – What’s Next?

Ondas Holdings Inc. (NASDAQ:ONDS)’s share price fell 1.9% during mid-day trading on Thursday . The company traded as low as $8.98 and last traded at $9.18. 55,290,947 shares were traded during trading, a decline of 34% from the average session volume of 83,357,430 shares. The stock had previously closed at $9.36.

Analysts Set New Price Targets

A number of research firms recently issued reports on ONDS. Weiss Ratings raised shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Northland Securities upped their price target on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Wall Street Zen raised shares of Ondas from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. HC Wainwright set a $17.00 price objective on shares of Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Finally, Stifel Nicolaus increased their target price on shares of Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Ondas Stock Down 1.9%

The firm has a market cap of $4.55 billion, a PE ratio of 229.50 and a beta of 2.56. The company’s 50 day moving average price is $9.87 and its two-hundred day moving average price is $9.64.

Ondas (NASDAQ:ONDS) last announced its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share 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 firm had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. On average, analysts expect that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Ondas by 39.9% in the fourth quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock worth $183,167,000 after purchasing an additional 5,351,725 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Ondas in the fourth quarter worth about $71,202,000. State Street Corp grew its holdings in shares of Ondas by 130.2% in the fourth quarter. State Street Corp now owns 5,162,151 shares of the company’s stock worth $50,383,000 after purchasing an additional 2,920,071 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Ondas by 1,325.9% in the third 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 during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ondas by 22.3% in the fourth quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock worth $41,558,000 after purchasing an additional 774,862 shares during the last quarter. 37.73% of the stock is currently owned by institutional investors.

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.