Ondas (NASDAQ:ONDS) Shares Down 4.8% - Here's What Happened

Key Points

• Ondas shares fell 4.8% intraday to $8.89 (low $8.78) on Thursday, with about 42.94 million shares traded — roughly a 49% drop from its average daily volume.
• Analyst views are mixed: some firms raised price targets (Lake Street to $19, Needham to $23) while others downgraded the stock, leaving a consensus rating of "Moderate Buy" and an average target price of $17.25.
• Ondas posted a quarterly EPS miss of ($0.39) vs. ($0.06) expected while beating revenue estimates ($30.11M vs. $27.49M), and the company shows negative profitability metrics (ROE and net margin) with analysts forecasting about ‑$0.28 EPS for the year.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report)'s stock price 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 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 equities research analysts recently issued reports on ONDS shares. Lake Street Capital lifted their price objective on Ondas from $10.00 to $19.00 and gave the company a "buy" rating in a research note on Tuesday, January 20th. Zacks Research lowered Ondas from a "hold" rating to a "strong sell" rating in a research note on Friday, March 27th. Wall Street Zen lowered Ondas from a "hold" rating to a "sell" rating in a research note on Saturday, March 28th. Needham & Company LLC lifted their price objective on Ondas from $17.00 to $23.00 and gave the company a "buy" rating in a research note on Tuesday, March 24th. Finally, LADENBURG THALM/SH SH raised Ondas to a "strong-buy" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.25.

Ondas Stock Performance

The stock has a market cap of $4.31 billion, a PE ratio of -13.27 and a beta of 2.56. The company has a fifty day moving average price of $10.02 and a 200 day moving average price of $9.47. 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 - Get Free Report) last released its quarterly earnings data on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.33). The company had revenue of $30.11 million during the quarter, compared to analysts' expectations of $27.49 million. Ondas had a negative return on equity of 53.14% and a negative net margin of 270.37%. Analysts expect that Ondas Holdings Inc. will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. AlphaCentric Advisors LLC purchased a new position in shares of Ondas in the first quarter worth about $497,000. Swiss National Bank increased its holdings in shares of Ondas by 16.4% in the first quarter. Swiss National Bank now owns 801,100 shares of the company's stock worth $7,242,000 after buying an additional 112,600 shares during the period. GatePass Capital LLC increased its holdings in shares of Ondas by 5.0% in the first quarter. GatePass Capital LLC now owns 210,000 shares of the company's stock worth $1,898,000 after buying an additional 10,000 shares during the period. Fiscal Wisdom Wealth Management LLC purchased a new position in shares of Ondas in the first quarter worth about $274,000. Finally, SteelPeak Wealth LLC bought a new stake in shares of Ondas in the first quarter worth about $782,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.