Ondas (NASDAQ:ONDS) Shares Down 4.8% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) was down 4.8% during mid-day trading on Thursday . The stock traded as low as $8.78 and last traded at $8.89. Approximately 42,942,686 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 83,963,125 shares. The stock had previously closed at $9.34.

Analyst Ratings Changes

Several analysts recently issued reports on ONDS shares. HC Wainwright set a $17.00 target price on Ondas and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Lake Street Capital raised their target price on Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Glj Research set a $17.00 target price on Ondas in a research note on Tuesday, March 10th. Needham & Company LLC raised their target price on Ondas from $17.00 to $23.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Finally, Oppenheimer raised their target price on Ondas from $12.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. One equities research 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 company’s stock. Based on data from MarketBeat.com, Ondas has an average rating of “Moderate Buy” and an average price target of $17.25.

Ondas Stock Performance

The company has a 50-day simple moving average of $10.02 and a two-hundred day simple moving average of $9.47. 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 capitalization of $4.31 billion, a P/E ratio of -13.27 and a beta of 2.56.

Ondas (NASDAQ:ONDS) last posted its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The firm had revenue of $30.11 million for the quarter, compared to the consensus estimate of $27.49 million. Ondas had a negative net margin of 270.37% and a negative return on equity of 53.14%. As a group, equities analysts forecast that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Institutional Trading of Ondas

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Ondas by 39.9% during the 4th quarter. Vanguard Group Inc. now owns 18,767,157 shares of the company’s stock valued at $183,167,000 after acquiring an additional 5,351,725 shares in the last quarter. Van ECK Associates Corp bought a new stake in Ondas during the 4th quarter valued at approximately $71,202,000. State Street Corp boosted its position in Ondas by 130.2% during the 4th quarter. State Street Corp now owns 5,162,151 shares of the company’s stock valued at $50,383,000 after acquiring an additional 2,920,071 shares in the last quarter. Two Sigma Investments LP boosted its position in Ondas by 1,325.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,568,238 shares of the company’s stock valued at $35,267,000 after acquiring an additional 4,247,859 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Ondas by 22.3% during the 4th quarter. Geode Capital Management LLC now owns 4,255,992 shares of the company’s stock valued at $41,558,000 after acquiring an additional 774,862 shares in the last quarter. 37.73% of the stock is owned by institutional investors.

About Ondas

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.