Ondas (NASDAQ:ONDS) Trading Down 7.8% - Here's What Happened

Key Points

• Ondas shares fell 7.8% on Friday, trading as low as $11.95 after closing at $13.25 the day before. Volume was lighter than usual, with about 35.3 million shares changing hands versus an average of 84.2 million.
• The company recently said it secured more than $30 million in new orders in May, lifting Q2-to-date orders above $110 million. That news has supported the stock’s broader bullish narrative around defense, security, and autonomous technology demand.
• Wall Street remains generally constructive on Ondas, with a Moderate Buy consensus and an average price target of $17.25. Recent analyst notes included Needham’s reiterated buy rating and a $23 target, even as some ratings were trimmed or downgraded.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report)'s share price dropped 7.8% during trading on Friday . The stock traded as low as $11.95 and last traded at $12.2110. Approximately 35,325,925 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 84,208,820 shares. The stock had previously closed at $13.25.

Trending Headlines about Ondas

Here are the key news stories impacting Ondas this week:

• Positive Sentiment: Ondas said it secured over $30 million in new orders in May, bringing Q2-to-date orders above $110 million and signaling strong demand across its defense, security, and autonomous technology platform. Ondas Secures Over $30 Million in New Orders in May, Bringing Q2-to-Date Orders to $110+ Million Across Its Defense, Security and Autonomous Technology Platform
• Positive Sentiment: Drone stocks, including ONDS, surged after reports that the Trump administration is considering funding domestic drone manufacturers, which could be a major tailwind for the sector. Stock Market Today, May 28: Ondas Surges As Trump Administration Considers Funding Deals With Drone Stocks
• Positive Sentiment: Oppenheimer reaffirmed its “buy” rating on Ondas, helping extend the stock’s rally as investors responded to the bullish analyst support. Ondas Inc (ONDS) Soars 22.7% as Oppenheimer Issues ‘Buy’ Call Anew
• Neutral Sentiment: Options activity in ONDS spiked unusually high, with heavy call buying, suggesting traders are positioning for further upside but not providing a direct business catalyst.
• Neutral Sentiment: Several articles highlighted Ondas as a defense-drone theme stock and a potential beneficiary of accelerated drone adoption trends, reinforcing the bullish narrative rather than adding new company-specific news. 3 Drone Tech Stocks to Watch Amid Accelerated Adoption Trends

Analysts Set New Price Targets

ONDS has been the subject of several recent research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $23.00 price target on shares of Ondas in a report on Tuesday, May 19th. Glj Research set a $17.00 price target on Ondas in a report on Tuesday, March 10th. Zacks Research raised Ondas from a "strong sell" rating to a "hold" rating in a report on Monday. HC Wainwright set a $17.00 price target on Ondas and gave the company a "buy" rating in a report on Tuesday, March 10th. Finally, Weiss Ratings raised Ondas from a "sell (d-)" rating to a "sell (d+)" rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Ondas has a consensus rating of "Moderate Buy" and an average target price of $17.25.

Ondas Stock Performance

The firm has a market capitalization of $6.31 billion, a P/E ratio of 307.45 and a beta of 2.56. The stock has a 50-day moving average of $9.85 and a 200 day moving average of $9.82.

Ondas (NASDAQ:ONDS - Get Free Report) last released its quarterly earnings results on Monday, March 23rd. The company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.33). The business had revenue of $30.11 million for the quarter, compared to the consensus estimate of $27.49 million. Ondas had a negative return on equity of 14.17% and a net margin of 247.85%. On average, equities analysts predict that Ondas Holdings Inc. will post -0.28 EPS for the current year.

Insiders Place Their Bets

In other Ondas news, Director Randy Seidl sold 10,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $9.83, for a total value of $98,300.00. Following the transaction, the director directly owned 295,504 shares in the company, valued at approximately $2,904,804.32. This trade represents a 3.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard M. Cohen sold 7,500 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.50, for a total value of $71,250.00. Following the completion of the transaction, the director owned 264,853 shares in the company, valued at $2,516,103.50. The trade was a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ONDS. NFSG Corp boosted its position in Ondas by 200.0% in the 1st quarter. NFSG Corp now owns 3,000 shares of the company's stock valued at $27,000 after buying an additional 2,000 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Ondas in the 1st quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of Ondas by 5,373.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company's stock valued at $28,000 after purchasing an additional 3,063 shares during the period. IFP Advisors Inc lifted its stake in shares of Ondas by 231.4% in the 3rd quarter. IFP Advisors Inc now owns 4,142 shares of the company's stock valued at $32,000 after purchasing an additional 2,892 shares during the period. Finally, AdvisorNet Financial Inc acquired a new position in shares of Ondas in the 1st quarter valued at $35,000. 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.

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