New York, July 6, 2026, 07:03 EDT
- Ondas last traded at $7.60 before the open, up 2.6% from where it closed on July 2. Shares had fallen 6.4% in the previous session.
- About 312 million shares changed hands over the four sessions to July 2, or around 60% of shares outstanding.
- A resale registration filed June 26 was for 3.38 million shares, around 1.1% of that four-day volume.
- Ondas said orders so far in Q2 were over $150 million. Short interest was close to a third of the float.
Ondas Inc. NASDAQ:ONDS was active ahead of Monday’s bell, with order flow picking up even as shares showed signs of crowding. The stock was indicated at $7.60 as of 7:00 a.m. ET, a 2.6% gain from the last close. That follows a 6.4% drop to $7.41 on July 2. U.S. index futures traded higher premarket, led by tech, Reuters said.
Nasdaq was closed Friday, July 3, for the Independence Day holiday. Regular trading is 9:30 a.m. to 4:00 p.m. ET on normal days, with premarket hours from 4:00 a.m. to 9:30 a.m. ET.
| Last regular session | Close | Move | Volume / note |
|---|---|---|---|
| Ondas | $7.41 | fell 6.44% | 86.25 million shares traded |
| Nasdaq Composite | 25,832.67 | dropped 0.80% | Tech stocks lagged |
| S&P 500 | 7,483.24 | finished little changed | added just 0.01 point |
| Dow Jones Industrial Average | 52,900.07 | rose 1.14% | closed at a new high |
Stocks were split July 2, with the Dow climbing 594.83 points as the Nasdaq Composite fell 207.36 points. Ondas underperformed the Nasdaq again, despite steady headlines around defense-drone demand.
Volume is the story nobody’s focused on. Ondas saw 312.1 million shares change hands from June 29 through July 2, daily history shows. That’s 59.7% of the 523.16 million shares outstanding noted by Barron’s, and 1.86 times as much as the reported short interest of 167.52 million shares.
| Flow item | Shares | As % of shares outstanding | As % of four-session volume |
|---|---|---|---|
| Volume over four sessions, June 29 to July 2 | 312.1 mln | 59.7% | 100.0% |
| Short interest position | 167.5 mln | 32.0% | 53.7% |
| Resale shares registered June 26 | 3.38 mln | 0.6% | 1.1% |
| Trading volume July 2 | 86.25 mln | 16.5% | 27.6% |
The numbers frame last week’s selling-share filing. Ondas registered 3,378,084 shares for resale by selling stockholders—mostly from its Omnisys buy—and said it won’t get any money from those resales. The filing also puts a daily limit for Omnisys holders at 15% of the last 10 days’ average volume. World View holders have a 5% daily sale cap for six months after close.
The share count changed again. Ondas reported 469.1 million common shares outstanding as of March 31 in its Q1 numbers. Barron’s now shows 523.16 million. That’s a difference of 54 million shares, about 11.5%, not including any newer updates.
Ondas shares still find support from order wins. The company said June 22 it landed over $40 million in new orders in June, pushing its Q2 order tally above $150 million. CEO Eric Brock said the deals show “increasing demand” for its autonomous defense products. Oshri Lugassy, co-CEO of Ondas Autonomous Systems, called Counter-UAS “one of the most urgent requirements.” Ondas Inc.
Ondas’ Q1 update on May 1 set out the revenue goal for that move. It reported $50.1 million in revenue for the first quarter, up more than tenfold from a year ago, and lifted its 2026 target to at least $390 million. Pro forma backlog landed at $457 million. Brock said that backlog gives Ondas “visibility into our 2026 targets.” Ondas Inc.
Ondas is leaning more on cash than stock in its latest M&A move. The company said it will pay about $125 million to buy Cyberhawk, with about 95% of the purchase paid in cash. Around $5 million will be rolled into Ondas stock by Cyberhawk’s leadership under a one-year lock-up. Cyberhawk is expected to deliver more than $45 million in revenue for the fiscal year ending March 2027, with 95% of that as recurring revenue and $95 million in backlog. “The deal will speed up adoption of drone-enabled inspection while reducing risk and human exposure,” Cyberhawk CEO Chris Fleming said. Ondas Inc.
Sentrycs, the Ondas counter-drone division, is the main defense partnership investors are tracking. Ondas said its Sentrycs unit will put Cyber-over-RF tech into Lockheed Martin’s NYSE:LMT Sanctum counter-UAS platform. Matt Bahnemann, senior manager at Lockheed, said the tie-up “expands the layered sensing and response options” available to operators. Ondas Inc.
Sell-side data is still bullish. Barron’s latest average price target on Ondas is $20.13 from nine ratings, well above where shares closed on July 2. But the same page puts short interest at 32.7% of the float. So for Monday’s open, positioning is on the line as much as any drone news.
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