Ondas Holdings Inc. (NASDAQ:ONDS – Get Free Report)’s share price traded down 8.7% during trading on Monday . The company traded as low as $9.46 and last traded at $9.70. 78,031,525 shares were traded during mid-day trading, a decline of 8% from the average session volume of 84,424,133 shares. The stock had previously closed at $10.62.
Analyst Ratings Changes
A number of analysts have recently weighed in on ONDS shares. Glj Research set a $17.00 price objective on Ondas in a research note on Tuesday, March 10th. LADENBURG THALM/SH SH upgraded shares of Ondas to a “strong-buy” rating in a report on Wednesday, May 6th. HC Wainwright set a $17.00 price target on shares of Ondas and gave the company a “buy” rating in a research report on Tuesday, March 10th. Zacks Research lowered shares of Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Finally, Weiss Ratings upgraded shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, Ondas has a consensus rating of “Moderate Buy” and an average target price of $17.25.
View Our Latest Stock Analysis on Ondas
Ondas Trading Down 8.7%
Ondas (NASDAQ:ONDS – Get Free Report) last released its earnings results on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative return on equity of 21.85% and a net margin of 247.85%.The company had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $27.49 million. On average, sell-side analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.
Institutional Trading of Ondas
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Ondas by 160.1% in the first quarter. Royal Bank of Canada now owns 384,656 shares of the company’s stock worth $3,477,000 after buying an additional 236,782 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Ondas during the first quarter valued at approximately $126,000. The Manufacturers Life Insurance Company raised its holdings in 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 acquiring an additional 112,534 shares during the last quarter. Union Square Park Capital Management LLC purchased a new position in Ondas in the 1st quarter worth approximately $904,000. Finally, Compound Planning Inc. bought a new position in Ondas in the 1st quarter valued at approximately $100,000. 37.73% of the stock is currently owned by institutional investors.
Ondas Company Profile
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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