Ondas (NASDAQ:ONDS) Trading Down 6.3% – Should You Sell?
by Renee Jackson · The Cerbat GemShares of Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report) dropped 6.3% on Tuesday . The company traded as low as $9.04 and last traded at $9.65. Approximately 68,589,308 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 84,673,875 shares. The stock had previously closed at $10.30.
Analyst Ratings Changes
ONDS has been the subject of a number of analyst reports. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. LADENBURG THALM/SH SH raised Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. Glj Research set a $17.00 price target on Ondas in a report on Tuesday, March 10th. HC Wainwright set a $17.00 price target on Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings raised Ondas from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.
Check Out Our Latest Research Report on Ondas
Ondas Stock Performance
The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 245.75 and a beta of 2.60. The company has a fifty day simple moving average of $10.12 and a two-hundred day simple moving average of $10.14.
Ondas (NASDAQ:ONDS – Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Ondas had a net margin of 247.85% and a negative return on equity of 14.17%. As a group, equities analysts anticipate that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.
Insider Buying and Selling at Ondas
In other Ondas news, Director Randy Seidl sold 10,000 shares of Ondas stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the completion of the transaction, the director directly owned 295,504 shares of the company’s stock, valued at $2,904,804.32. The trade was a 3.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of Ondas stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the transaction, the director directly owned 264,853 shares of the company’s stock, valued at $2,516,103.50. This represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,395,745 shares of company stock valued at $32,109,380 in the last three months. Corporate insiders own 1.60% of the company’s stock.
Hedge Funds Weigh In On Ondas
A number of institutional investors have recently modified their holdings of ONDS. Goldman Sachs Group Inc. raised its holdings in shares of Ondas by 444.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock worth $120,000 after buying an additional 91,732 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ondas by 57.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock worth $2,583,000 after buying an additional 490,239 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Ondas during the 2nd quarter worth $152,000. Sei Investments Co. acquired a new position in shares of Ondas during the 2nd quarter worth $3,086,000. Finally, HRT Financial LP acquired a new position in shares of Ondas during the 2nd quarter worth $2,244,000. Institutional investors and hedge funds own 37.73% of the company’s stock.
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.