Ondas (NASDAQ:ONDS) Shares Down 2% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS) shares were down 2% during mid-day trading on Wednesday . The company traded as low as $8.67 and last traded at $8.86. Approximately 48,529,947 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 82,064,813 shares. The stock had previously closed at $9.04.

Key Ondas News

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas reported Q1 2026 revenue of $50.1 million, well above expectations and up more than 10-fold year over year, while diluted EPS came in ahead of estimates. Article Title
• Positive Sentiment: The company raised full-year 2026 revenue guidance to $390 million, signaling management expects growth to remain strong for the rest of the year. Article Title
• Positive Sentiment: Pro forma backlog jumped to $457 million, which supports the view that customer demand is accelerating and could translate into future revenue. Article Title
• Positive Sentiment: Trading commentary suggests the stock is also benefiting from technical breakout momentum after the earnings-driven rally, with investors watching key resistance levels. Article Title
• Neutral Sentiment: Despite the upbeat reaction, insider selling has been heavy over the past six months, which may temper some investor enthusiasm. Article Title
• Negative Sentiment: The business still shows sizable losses and negative operating results, so investors may remain focused on whether revenue growth can eventually translate into sustained profitability. Article Title

Analyst Ratings Changes

A number of equities analysts recently issued reports on ONDS shares. Glj Research set a $17.00 price target on Ondas in a report on Tuesday, March 10th. Wall Street Zen downgraded Ondas from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Stifel Nicolaus upped their price target on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Zacks Research downgraded Ondas from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Finally, Oppenheimer upped their price target on Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Price Performance

The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of -15.85 and a beta of 2.56. The company has a fifty day moving average price of $9.91 and a two-hundred day moving average price of $9.56. The company has a quick ratio of 4.68, a current ratio of 4.84 and a debt-to-equity ratio of 0.01.

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 during the quarter, compared to analyst estimates of $27.49 million. Ondas had a negative net margin of 270.37% and a negative return on equity of 53.14%. On average, equities research analysts expect that Ondas Holdings Inc. will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Ondas

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Ondas by 3,558,617.2% during the third quarter. JPMorgan Chase & Co. now owns 2,064,056 shares of the company’s stock worth $15,935,000 after purchasing an additional 2,063,998 shares during the last quarter. DNB Asset Management AS raised its stake in shares of Ondas by 88.4% during the third quarter. DNB Asset Management AS now owns 329,954 shares of the company’s stock worth $2,547,000 after purchasing an additional 154,792 shares during the last quarter. Ghisallo Capital Management LLC purchased a new stake in shares of Ondas during the third quarter worth approximately $7,720,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Ondas during the third quarter worth approximately $772,000. Finally, Vanguard Group Inc. raised its stake in shares of Ondas by 109.9% during the third quarter. Vanguard Group Inc. now owns 13,415,432 shares of the company’s stock worth $103,567,000 after purchasing an additional 7,024,549 shares during the last quarter. Hedge funds and other institutional investors own 37.73% of the company’s stock.

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.