Ondas (NASDAQ:ONDS) Shares Gap Down – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) shares gapped down prior to trading on Tuesday . The stock had previously closed at $12.53, but opened at $12.10. Ondas shares last traded at $12.2020, with a volume of 12,932,250 shares traded.

Analyst Ratings Changes

A number of research firms have weighed in on ONDS. Zacks Research cut shares of Ondas from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. HC Wainwright started coverage on shares of Ondas in a research note on Monday, October 6th. They set a “buy” rating and a $12.00 price target for the company. Lake Street Capital increased their price objective on shares of Ondas from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Needham & Company LLC raised their price objective on shares of Ondas from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Finally, Oppenheimer raised Ondas from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $11.50.

Ondas Stock Performance

The stock’s 50 day simple moving average is $8.13 and its 200 day simple moving average is $6.11. The firm has a market capitalization of $5.20 billion, a P/E ratio of -35.13 and a beta of 2.40.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings data 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 return on equity of 35.16% and a negative net margin of 192.60%. On average, analysts anticipate that Ondas Holdings Inc. will post -0.53 earnings per share for the current year.

Insider Activity

In related news, Director Randy Seidl sold 21,520 shares of Ondas stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $9.48, for a total value of $204,009.60. Following the completion of the sale, the director directly owned 212,470 shares in the company, valued at $2,014,215.60. The trade was a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Eric A. Brock sold 475,000 shares of the stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the transaction, the chief executive officer owned 1,461,255 shares in the company, valued at approximately $14,188,786.05. The trade was a 24.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,406,605 shares of company stock valued at $12,109,365. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Ondas

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in Ondas by 444.4% during the first quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock worth $120,000 after buying an additional 91,732 shares during the period. Baader Bank Aktiengesellschaft purchased a new stake in shares of Ondas during the 2nd quarter worth $41,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ondas during the 2nd quarter worth $151,000. TTP Investments Inc. bought a new stake in Ondas during the second quarter valued at about $48,000. Finally, Trivium Point Advisory LLC purchased a new position in Ondas in the second quarter valued at about $38,000. 37.73% of the stock is owned by hedge funds and other 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.