Ondas (NASDAQ:ONDS) Shares Down 5.4% - Time to Sell?

Key Points

• Ondas shares fell 5.4% to $8.24, trading near the 50-day moving average of $8.18 and below the 200-day average of $9.42.
• Analysts maintain a “Moderate Buy” consensus, with eight Buy, one Hold and one Sell rating and an average price target of $17.18—well above the current price.
• The company missed quarterly EPS expectations, reporting a loss of $0.19 per share versus the expected $0.09 loss, despite revenue of $83.77 million exceeding estimates; insiders own 1.67% of shares, with recent sales disclosed.

Shares of Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report) were down 5.4% during trading on Monday . The stock traded as low as $8.19 and last traded at $8.24. Approximately 45,704,277 shares were traded during mid-day trading, a decline of 46% from the average session volume of 84,852,125 shares. The stock had previously closed at $8.71.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ONDS. Zacks Research raised shares of Ondas from a "strong sell" rating to a "hold" rating in a report on Monday, May 25th. Weiss Ratings downgraded shares of Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. Oppenheimer upped their target price on Ondas from $16.00 to $18.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. LADENBURG THALM/SH SH raised their target price on Ondas from $21.50 to $22.75 and gave the company a "buy" rating in a report on Monday, August 17th. Finally, Roth Capital reiterated a "buy" rating on shares of Ondas in a research note on Tuesday, August 18th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $17.18.

Ondas Price Performance

The business's 50-day simple moving average is $8.18 and its two-hundred day simple moving average is $9.42. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of -117.71 and a beta of 2.72.

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

Insider Activity

In related news, CEO Eric A. Brock sold 2,378,245 shares of the firm's 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 completion of the transaction, the chief executive officer owned 3,583,010 shares in the company, valued at $48,119,824.30. This trade represents a 39.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard M. Cohen sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.96, for a total transaction of $67,200.00. Following the sale, the director directly owned 261,836 shares in the company, valued at $2,346,050.56. The trade was a 2.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.67% of the company's stock.

Institutional Trading of Ondas

Several institutional investors have recently added to or reduced their stakes in the stock. Beaird Harris Wealth Management LLC grew its stake in Ondas by 3.8% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 27,250 shares of the company's stock worth $266,000 after purchasing an additional 1,000 shares during the period. State of Wyoming grew its holdings in shares of Ondas by 31.5% during the first quarter. State of Wyoming now owns 6,809 shares of the company's stock valued at $62,000 after buying an additional 1,631 shares during the last quarter. NFSG Corp increased its holdings in Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company's stock worth $27,000 after purchasing an additional 2,000 shares in the last quarter. Steadtrust LLC raised its stake in shares of Ondas by 10.3% in the second quarter. Steadtrust LLC now owns 21,473 shares of the company's stock worth $177,000 after purchasing an additional 2,000 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Ondas by 231.4% during the third quarter. IFP Advisors Inc now owns 4,142 shares of the company's stock valued at $32,000 after buying an additional 2,892 shares during the last quarter. 37.73% of the stock is currently 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source