Ondas (NASDAQ:ONDS) Trading Down 8.2% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price traded down 8.2% during mid-day trading on Wednesday . The stock traded as low as $11.97 and last traded at $12.0550. 103,740,646 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 118,773,844 shares. The stock had previously closed at $13.13.

Key Headlines Impacting Ondas

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Lake Street raised its price target sharply to $19 from $10, a move that boosts upside expectations and likely supported recent buying interest. Ondas price target raised to $19 from $10 at Lake Street
• Positive Sentiment: Analyst upgrades from firms including Needham and coverage noting a fresh Buy stance helped lift the stock into early trading, driving momentum ahead of today’s session. Ondas (NASDAQ:ONDS) Stock Price Expected to Rise, Needham & Company LLC Analyst Says
• Positive Sentiment: HC Wainwright reiterated bullish longer-term forecasts (Buy rating, $25 target) and published multi-year EPS ramps toward profitability in later years — supportive for longer-horizon investors. Q1 Earnings Forecast for Ondas Issued By HC Wainwright
• Neutral Sentiment: Retail chatter around ONDS surged (~131% week-over-week), indicating elevated speculative/retail-driven volume that can amplify both rallies and pullbacks. Traders should expect higher volatility. Ondas retail chatter up 131% in a week — what’s driving trader interest?
• Neutral Sentiment: Multiple analyst firms (Northland, HC Wainwright) published updated quarterly and multi-year models — some near-term EPS estimates were nudged lower while FY2026–FY2029 projections show improvement, producing mixed signals for short- vs. long-term outlooks. MarketBeat Analyst Notes
• Negative Sentiment: Northland trimmed FY2025/Q4‑2025 EPS and other near-term estimates, and Ondas’ recent quarterly EPS miss remains a near-term headwind — these factors weigh on profitability expectations and can trigger short-term selling. MarketBeat Analyst Notes (revisions)

Analyst Ratings Changes

ONDS has been the topic of a number of recent analyst reports. Oppenheimer boosted their price target on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday. Stifel Nicolaus lifted their target price on Ondas from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Research lowered Ondas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Needham & Company LLC increased their price target on Ondas from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Northland Securities set a $16.00 price target on Ondas in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.29.

Ondas Stock Down 3.6%

The company has a market cap of $4.69 billion, a P/E ratio of -30.43 and a beta of 2.40. The stock has a 50 day moving average price of $9.80 and a two-hundred day moving average price of $7.01.

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 the consensus estimate of ($0.05) by ($0.01). The firm 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%. Equities analysts anticipate that Ondas Holdings Inc. will post -0.53 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Eric A. Brock sold 475,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,461,255 shares of the company’s stock, valued at approximately $14,188,786.05. This trade represents a 24.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard M. Cohen sold 25,861 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $9.48, for a total transaction of $245,162.28. Following the completion of the sale, the director directly owned 197,746 shares of the company’s stock, valued at $1,874,632.08. This represents a 11.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,406,605 shares of company stock valued at $12,109,365 in the last three months. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Ondas

A number of large investors have recently added to or reduced their stakes in ONDS. Avion Wealth raised its holdings in Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after acquiring an additional 2,000 shares in the last quarter. MH & Associates Securities Management Corp ADV acquired a new stake in shares of Ondas during the 4th quarter worth $835,000. Stratos Wealth Advisors LLC bought a new position in shares of Ondas in the fourth quarter worth $107,000. Melfa Wealth Management Inc. acquired a new position in Ondas in the fourth quarter valued at about $119,000. Finally, Exchange Traded Concepts LLC acquired a new position in Ondas in the fourth quarter valued at about $19,517,000. 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.