Ondas (NASDAQ:ONDS) Stock Price Down 1.2% – Here’s What Happened

by · The Markets Daily

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report) dropped 1.2% during trading on Monday . The stock traded as low as $10.25 and last traded at $10.30. Approximately 39,066,356 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 84,821,336 shares. The stock had previously closed at $10.43.

Wall Street Analyst Weigh In

ONDS has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Zacks Research raised shares of Ondas from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Glj Research set a $17.00 price target on shares of Ondas in a report on Tuesday, March 10th. HC Wainwright set a $17.00 price target on shares of Ondas and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $23.00 price target on shares of Ondas in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.25.

Read Our Latest Report on Ondas

Ondas Price Performance

The company has a market capitalization of $5.23 billion, a PE ratio of 257.50 and a beta of 2.60. The stock’s 50 day simple moving average is $10.07 and its 200-day simple moving average is $10.08.

Ondas (NASDAQ:ONDSGet Free Report) last issued 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 analysts’ expectations of $27.49 million. Ondas had a negative return on equity of 14.17% and a net margin of 247.85%. On average, equities analysts predict that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Randy Seidl sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $9.83, for a total transaction of $98,300.00. Following the sale, the director directly owned 295,504 shares in the company, valued at approximately $2,904,804.32. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard M. Cohen sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.50, for a total transaction of $71,250.00. Following the sale, the director owned 264,853 shares in the company, valued at $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 2,395,745 shares of company stock worth $32,109,380. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Ondas

A number of large investors have recently made changes to their positions in the company. Beaird Harris Wealth Management LLC increased its stake in shares of Ondas by 3.8% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company’s stock worth $266,000 after buying an additional 1,000 shares during the period. State of Wyoming increased its stake in Ondas by 31.5% in the first quarter. State of Wyoming now owns 6,809 shares of the company’s stock valued at $62,000 after purchasing an additional 1,631 shares during the last quarter. Avion Wealth increased its stake in Ondas by 100.0% in 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 during the last quarter. NFSG Corp increased its stake in Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $27,000 after purchasing an additional 2,000 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after purchasing an additional 2,892 shares during the last quarter. 37.73% of the stock is currently owned by hedge funds and other institutional investors.

Ondas Company Profile

(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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