Ondas (NASDAQ:ONDS) Stock Price Down 4.3% - Here's What Happened

Key Points

• Ondas shares fell 4.3% to $7.29 in mid-day trading, with roughly 55.6 million shares changing hands. The stock remains below its 50-day and 200-day moving averages of $8.00 and $9.26, respectively.
• Analyst sentiment is generally positive, with eight Buy ratings, one Hold, and one Sell; the average price target is $17.18. However, some firms recently downgraded the stock to Sell or Strong Sell.
• Ondas reported quarterly revenue of $83.77 million, exceeding estimates, but its adjusted loss of $0.19 per share was wider than the expected $0.09 loss. Director Richard Cohen also sold 7,500 shares under a pre-arranged trading plan.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report)'s stock price was down 4.3% during mid-day trading on Wednesday . The company traded as low as $7.26 and last traded at $7.29. Approximately 55,594,309 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 83,202,711 shares. The stock had previously closed at $7.62.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and set a $19.00 price objective on shares of Ondas in a report on Friday, August 14th. Roth Capital reaffirmed a "buy" rating on shares of Ondas in a research report on Tuesday, August 18th. Wall Street Zen downgraded shares of Ondas from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. LADENBURG THALM/SH SH lifted their price target on shares of Ondas from $21.50 to $22.75 and gave the company a "buy" rating in a report on Monday, August 17th. Finally, Weiss Ratings downgraded Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 4th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $17.18.

Ondas Stock Down 4.3%

The firm's 50 day simple moving average is $8.00 and its 200-day simple moving average is $9.26. The company has a market capitalization of $4.17 billion, a PE ratio of -104.14 and a beta of 2.74.

Ondas (NASDAQ:ONDS - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Ondas had a net margin of 93.55% and a negative return on equity of 14.20%. The business had revenue of $83.77 million for the quarter, compared to analyst estimates of $67.97 million. As a group, sell-side analysts anticipate that Ondas Holdings Inc. will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard Cohen sold 7,500 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total transaction of $67,200.00. Following the transaction, the director directly owned 261,836 shares of the company's stock, valued at approximately $2,346,050.56. The trade was a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ONDS. NFSG Corp grew its stake in Ondas by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company's stock valued at $27,000 after purchasing an additional 2,000 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Ondas during the 1st quarter valued at approximately $28,000. EverSource Wealth Advisors LLC grew its position in shares of Ondas by 5,373.7% during the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company's stock worth $28,000 after buying an additional 3,063 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company's stock worth $32,000 after buying an additional 2,892 shares during the last quarter. Finally, AdvisorNet Financial Inc bought a new stake in shares of Ondas in the first quarter worth $35,000. Institutional investors and hedge funds 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.

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