Ondas (NASDAQ:ONDS) Trading Down 9.7% - Here's Why

Key Points

• Ondas shares fell 9.7% to $7.90 in heavy trading, with nearly 69.4 million shares changing hands. The stock remains below its 200-day moving average of $9.38 and has a beta of 2.72.
• Analyst sentiment is mixed but leans positive: eight analysts rate the stock a Buy, with an average rating of “Moderate Buy” and a consensus price target of $17.18. Recent firms have raised targets, while others downgraded the shares to Sell or Strong Sell.
• Ondas missed quarterly EPS expectations, reporting a loss of $0.19 per share versus the expected $0.09 loss, although revenue of $83.77 million exceeded estimates. Insider selling included CEO Eric Brock’s $31.9 million share sale, made to cover tax obligations tied to vested equity awards.

Ondas Holdings Inc. (NASDAQ:ONDS - Get Free Report)'s stock price dropped 9.7% during trading on Friday . The company traded as low as $7.87 and last traded at $7.90. 69,392,897 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 84,344,695 shares. The stock had previously closed at $8.75.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ONDS. Zacks Research upgraded shares of Ondas from a "strong sell" rating to a "hold" rating in a research note on Monday, May 25th. LADENBURG THALM/SH SH upped their price target on shares of Ondas from $21.50 to $22.75 and gave the stock a "buy" rating in a research report on Monday, August 17th. Oppenheimer increased their price target on Ondas from $16.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Wall Street Zen cut shares of Ondas from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Finally, Weiss Ratings lowered shares of Ondas from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 4th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.18.

Ondas Trading Down 9.6%

The stock's 50 day moving average price is $8.11 and its two-hundred day moving average price is $9.38. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of -113.00 and a beta of 2.72.

Ondas (NASDAQ:ONDS - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $83.77 million for the quarter, compared to analyst estimates of $67.97 million. On average, sell-side analysts forecast that Ondas Holdings Inc. will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Ondas

In other Ondas news, CEO Eric A. Brock sold 2,378,245 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $13.43, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $8.96, for a total transaction of $67,200.00. Following the completion of the transaction, the director directly owned 261,836 shares in the company, valued at $2,346,050.56. This trade represents a 2.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.67% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. NFSG Corp raised its position in shares of Ondas by 200.0% in the first quarter. NFSG Corp now owns 3,000 shares of the company's stock valued at $27,000 after buying an additional 2,000 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Ondas in the first quarter worth $28,000. EverSource Wealth Advisors LLC grew its stake in Ondas by 5,373.7% in the first quarter. EverSource Wealth Advisors LLC now owns 3,120 shares of the company's stock valued at $28,000 after acquiring an additional 3,063 shares during the period. 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. Finally, AdvisorNet Financial Inc bought a new position in Ondas during the first quarter valued at about $35,000. 37.73% of the stock is currently owned by institutional investors.

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.

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