Ondas (NASDAQ:ONDS) Stock Price Down 3% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDSGet Free Report)’s share price traded down 3% on Monday . The stock traded as low as $7.65 and last traded at $7.66. Approximately 28,735,763 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 84,013,258 shares. The stock had previously closed at $7.90.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. LADENBURG THALM/SH SH increased their target price on Ondas from $21.50 to $22.75 and gave the stock a “buy” rating in a report on Monday, August 17th. Needham & Company LLC restated a “buy” rating and set a $19.00 price objective on shares of Ondas in a research note on Friday, August 14th. Roth Capital reaffirmed a “buy” rating on shares of Ondas in a report on Tuesday, August 18th. Wall Street Zen lowered shares of Ondas from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Finally, Oppenheimer increased their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.18.

Get Our Latest Report on ONDS

Ondas Price Performance

The firm’s fifty day moving average price is $8.08 and its 200-day moving average price is $9.36. The firm has a market capitalization of $4.37 billion, a P/E ratio of -109.43 and a beta of 2.72.

Ondas (NASDAQ:ONDSGet Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The firm had revenue of $83.77 million during the quarter, compared to analyst estimates of $67.97 million. Ondas had a negative return on equity of 14.20% and a net margin of 93.55%. Analysts expect that Ondas Holdings Inc. will post -0.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Richard M. Cohen sold 7,500 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total transaction of $67,200.00. Following the sale, the director directly owned 261,836 shares of the company’s stock, valued at $2,346,050.56. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric A. Brock sold 2,378,245 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total value of $31,939,830.35. Following the sale, the chief executive officer directly owned 3,583,010 shares of the company’s stock, valued at approximately $48,119,824.30. This represents a 39.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.67% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of Ondas during the 4th quarter worth approximately $6,734,000. CI Investments Inc. purchased a new stake in shares of Ondas during the 1st quarter valued at $4,255,000. The Manufacturers Life Insurance Company boosted its position in shares of Ondas by 664.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 129,481 shares of the company’s stock worth $1,171,000 after purchasing an additional 112,534 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Ondas by 160.1% in the 1st quarter. Royal Bank of Canada now owns 384,656 shares of the company’s stock worth $3,477,000 after purchasing an additional 236,782 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Ondas during the 1st quarter valued at about $5,000,000. 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.

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