Ondas (NASDAQ:ONDS) Stock Price Down 5.1% – Here’s Why

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report) was down 5.1% during trading on Friday . The company traded as low as $9.18 and last traded at $9.33. Approximately 54,218,545 shares changed hands during trading, a decline of 35% from the average daily volume of 83,674,539 shares. The stock had previously closed at $9.83.

Analysts Set New Price Targets

A number of equities research analysts have commented on ONDS shares. HC Wainwright set a $17.00 price objective on Ondas and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Zacks Research upgraded Ondas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen lowered Ondas from a “hold” rating to a “sell” rating in a report on Sunday, May 24th. Glj Research set a $17.00 price target on Ondas in a report on Tuesday, March 10th. Finally, Northland Securities lifted their price target on Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.25.

View Our Latest Analysis on Ondas

Ondas Stock Down 5.1%

The stock has a market cap of $4.74 billion, a P/E ratio of 233.25 and a beta of 2.60. The business has a 50-day simple moving average of $10.15 and a 200-day simple moving average of $10.15.

Ondas (NASDAQ:ONDSGet Free Report) last announced its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) EPS 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%. On average, analysts predict that Ondas Holdings Inc. will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ondas news, CEO Eric A. Brock sold 2,378,245 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $13.43, for a total value of $31,939,830.35. Following the completion of the sale, the chief executive officer directly owned 3,583,010 shares in the company, valued at $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Randy Seidl sold 10,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, the director owned 295,504 shares of the company’s stock, valued at approximately $2,904,804.32. The trade was a 3.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 2,395,745 shares of company stock worth $32,109,380 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Militia Capital Management LLC bought a new position in shares of Ondas during the first quarter worth about $212,000. Western Wealth Management LLC bought a new position in Ondas in the first quarter valued at approximately $28,000. Bank of America Corp DE grew its stake in Ondas by 1,443.9% in the first quarter. Bank of America Corp DE now owns 1,404,812 shares of the company’s stock valued at $12,700,000 after purchasing an additional 1,313,823 shares in the last quarter. Janus Henderson Group PLC grew its stake in Ondas by 16.8% in the first quarter. Janus Henderson Group PLC now owns 183,900 shares of the company’s stock valued at $1,659,000 after purchasing an additional 26,500 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in Ondas in the first quarter valued at approximately $5,000,000. 37.73% of the stock is currently owned by 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.

Further Reading

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