Ondas (NASDAQ:ONDS) Trading Down 8.1% – Here’s Why

by · The Cerbat Gem

Shares of Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report) fell 8.1% on Thursday . The stock traded as low as $11.07 and last traded at $11.27. 86,769,302 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 113,131,695 shares. The stock had previously closed at $12.27.

Wall Street Analysts Forecast Growth

ONDS has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a research report on Thursday, December 18th. HC Wainwright raised their price objective on shares of Ondas from $12.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Oppenheimer boosted their target price on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Stifel Nicolaus increased their price target on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Finally, Loop Capital set a $10.00 price target on Ondas in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.29.

View Our Latest Analysis on ONDS

Ondas Stock Performance

The firm has a market capitalization of $4.38 billion, a P/E ratio of -25.90 and a beta of 2.40. The firm has a 50 day moving average price of $10.25 and a two-hundred day moving average price of $7.34.

Ondas (NASDAQ:ONDSGet Free Report) last announced its earnings results on Thursday, November 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Ondas had a negative net margin of 192.60% and a negative return on equity of 35.16%. The company had revenue of $10.10 million for the quarter, compared to analysts’ expectations of $7.04 million. Equities research analysts forecast that Ondas Holdings Inc. will post -0.53 earnings per share for the current fiscal year.

Insider Activity at Ondas

In other news, CEO Eric A. Brock sold 475,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the sale, the chief executive officer owned 1,461,255 shares in the company, valued at $14,188,786.05. The trade was a 24.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Neil J. Laird sold 4,526 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $42,906.48. Following the completion of the sale, the chief financial officer owned 8,224 shares of the company’s stock, valued at approximately $77,963.52. This trade represents a 35.50% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,406,605 shares of company stock valued at $12,109,365. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

Several large investors have recently added to or reduced their stakes in ONDS. SBI Securities Co. Ltd. lifted its stake in Ondas by 154.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 16,299 shares of the company’s stock worth $31,000 after acquiring an additional 9,904 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock worth $32,000 after purchasing an additional 2,892 shares in the last quarter. Penbrook Management LLC acquired a new stake in shares of Ondas during the second quarter worth approximately $35,000. Exencial Wealth Advisors LLC purchased a new position in Ondas during the second quarter valued at approximately $36,000. Finally, Avion Wealth grew its position in Ondas by 100.0% during the fourth quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after purchasing an additional 2,000 shares in the last quarter. 37.73% of the stock is owned by institutional investors and hedge funds.

About Ondas

(Get Free Report)

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.

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