Ondas (NASDAQ:ONDS) Stock Price Down 1.8% – Time to Sell?

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price was down 1.8% on Wednesday . The stock traded as low as $8.62 and last traded at $8.90. Approximately 68,056,038 shares changed hands during trading, a decline of 20% from the average session volume of 85,342,977 shares. The stock had previously closed at $9.06.

Analyst Upgrades and Downgrades

ONDS has been the topic of a number of research analyst reports. Roth Capital restated a “buy” rating on shares of Ondas in a report on Tuesday. Wall Street Zen lowered shares of Ondas from a “sell” rating to a “strong sell” rating in a report on Saturday. Oppenheimer boosted their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings downgraded shares of Ondas from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 4th. Finally, LADENBURG THALM/SH SH raised their target price on shares of Ondas from $21.50 to $22.75 and gave the stock a “buy” rating in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.18.

Ondas Trading Down 1.8%

The firm has a 50-day simple moving average of $8.23 and a 200-day simple moving average of $9.47. The firm has a market cap of $5.07 billion, a P/E ratio of -127.14 and a beta of 2.72.

Ondas (NASDAQ:ONDS) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The company had revenue of $83.77 million during the quarter, compared to the consensus estimate of $67.97 million. Ondas had a negative return on equity of 14.20% and a net margin of 93.55%. Research analysts predict that Ondas Holdings Inc. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Ondas

In other news, CEO Eric A. Brock sold 2,378,245 shares of Ondas stock in a transaction that occurred 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 transaction, the chief executive officer owned 3,583,010 shares of the company’s stock, valued at $48,119,824.30. The trade was a 39.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.67% of the company’s stock.

Institutional Investors Weigh In On Ondas

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in Ondas by 444.4% in the first quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock worth $120,000 after purchasing an additional 91,732 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Ondas by 57.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock worth $2,583,000 after purchasing an additional 490,239 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Ondas in the 2nd quarter worth $152,000. Sei Investments Co. purchased a new position in Ondas during the 2nd quarter worth $3,086,000. Finally, HRT Financial LP acquired a new position in Ondas during the 2nd quarter valued at about $2,244,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

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.