Ondas (NASDAQ:ONDS) Stock Price Down 5.9% – Should You Sell?

Posted by Stanley Muller on May 19th, 2026

Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report) fell 5.9% during mid-day trading on Tuesday . The stock traded as low as $8.97 and last traded at $9.13. 55,521,624 shares changed hands during trading, a decline of 34% from the average session volume of 84,130,695 shares. The stock had previously closed at $9.70.

Trending Headlines about Ondas

Here are the key news stories impacting Ondas this week:

Positive Sentiment: Needham reaffirmed its Buy rating on Ondas and set a $23 price target, signaling meaningful upside from recent levels and reinforcing the bullish case on the company’s defense-tech strategy.
Positive Sentiment: Ondas announced a definitive agreement to acquire Omnisys, an Israeli AI-driven battlefield optimization and orchestration software company, expanding its autonomous defense portfolio and adding higher-margin software capabilities.
Positive Sentiment: Recent commentary highlighted strong revenue growth and faster growth relative to cash burn, which supports the view that Ondas’ defense and drone platform is scaling rapidly.
Neutral Sentiment: Ondas also pulled forward its OAS adjusted EBITDA profitability target to Q1 2027, suggesting improving margins, but the new timeline still leaves investors waiting for profitability.
Neutral Sentiment: The company received a Moderate Buy consensus from analysts, indicating generally favorable sentiment but not unanimous conviction.
Negative Sentiment: Despite the upbeat narrative, investors are still weighing near-term losses, rising costs, and execution risk, especially after the latest earnings showed a wider-than-expected loss.

Analyst Ratings Changes

Several brokerages recently issued reports on ONDS. Stifel Nicolaus upped their price objective 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. Zacks Research cut shares of Ondas from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. Oppenheimer increased their price target on shares of Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. HC Wainwright set a $17.00 price target on shares of Ondas and gave the company a “buy” rating in a research note on Tuesday, March 10th. Finally, LADENBURG THALM/SH SH raised shares of Ondas to a “strong-buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, Ondas has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Read Our Latest Stock Analysis on ONDS

Ondas Stock Performance

The firm’s 50 day moving average price is $9.89 and its two-hundred day moving average price is $9.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.84. The firm has a market cap of $4.47 billion, a PE ratio of 228.25 and a beta of 2.56.

Ondas (NASDAQ:ONDS – Get Free Report) last posted its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). The company 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 21.85% and a net margin of 247.85%. On average, research analysts forecast that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On Ondas

A number of hedge funds have recently made changes to their positions in ONDS. Goldman Sachs Group Inc. boosted its position 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 purchasing an additional 91,732 shares during the period. Geode Capital Management LLC boosted its position 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 purchasing an additional 490,239 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Ondas during the 2nd quarter worth approximately $152,000. Sei Investments Co. purchased a new position in shares of Ondas during the 2nd quarter worth approximately $3,086,000. Finally, HRT Financial LP purchased a new position in shares of Ondas during the 2nd quarter worth approximately $2,244,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

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.