Ondas (NASDAQ:ONDS) Stock Price Down 4.2% – Here’s What Happened

Ondas Holdings Inc. (NASDAQ:ONDS)’s stock price dropped 4.2% during trading on Tuesday . The stock traded as low as $9.16 and last traded at $9.3250. Approximately 56,105,813 shares changed hands during trading, a decline of 34% from the average daily volume of 84,740,844 shares. The stock had previously closed at $9.73.

Analyst Upgrades and Downgrades

ONDS has been the subject of several research analyst reports. Stifel Nicolaus upped their target price on shares of Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Lake Street Capital increased their price objective on shares of Ondas from $10.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Weiss Ratings upgraded shares of Ondas from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, April 21st. Zacks Research cut shares of Ondas from a “hold” rating to a “strong sell” rating in a research note on Friday, March 27th. Finally, Northland Securities increased their price objective on shares of Ondas from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.25.

Ondas Trading Down 4.2%

The company has a market cap of $4.52 billion, a price-to-earnings ratio of -13.92 and a beta of 2.56. 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 business’s 50 day moving average price is $10.05 and its 200-day moving average price is $9.47.

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

Institutional Investors Weigh In On Ondas

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