NEW YORK, July 3, 2026, 06:01 EDT
- Nasdaq is closed Friday for the Independence Day holiday, so the last regular trading price for Ondas was July 2.
- Ondas lost 5.4% in a week shortened by the holiday, with trading volume at 315.5 million shares over four sessions, according to MarketWatch data.
- The SEC resale filing on June 26 registered 3.38 million shares. That’s not much compared to the week’s trading but traders saw it as new supply in the market.
- The tape still has the stock trading alongside a solid orders and acquisitions streak, with Ondas announcing in June more than $150 million in Q2 orders so far.
Ondas Inc. NASDAQ:ONDS heads into the U.S. holiday break after a busy session that finished lower. Thursday’s $7.41 close stands as the last regular-session price before Nasdaq shuts down July 3 for Independence Day observed and trading resumes next week.
The key stat isn’t just Thursday’s 6.44% drop. It’s the churn: Ondas saw 315.5 million shares traded from Monday to Thursday, about 60% of its 523.16 million shares outstanding, according to Google Finance. That kind of turnover doesn’t mean every share changed hands, but it does show a lot moved as the stock stalled under $8.50.
| Ondas tape | Close | Daily change | Volume |
|---|---|---|---|
| June 26 | $7.83 | — | 123.7 mln |
| June 29 | $8.02 | up 2.4% | 58.3 mln |
| June 30 | $8.24 | up 2.7% | 81.5 mln |
| July 1 | $7.92 | down 3.9% | 88.6 mln |
| July 2 | $7.41 | down 6.4% | 87.1 mln |
The filing overhang now seems less big, but it’s still there. Ondas said in a June 26 Form 8-K that it put out a prospectus supplement for possible resale of 3,378,084 shares. Of those, 3,285,696 relate to the Omnisys Ltd. buyout, and 92,388 are connected to World View Enterprises Inc.
| Flow marker | Shares | Ratio |
|---|---|---|
| Ondas traded 315.5 mln shares total from June 29 to July 2 | 315.5 mln | That’s 60.3% of shares out |
| On July 2 alone, volume was 87.1 mln shares | 87.1 mln | 128% of the 65-day average volume |
| June 26 saw a resale registration for 3.38 mln shares | 3.38 mln | 1.1% of that four-session volume |
| The same June 26 resale registered 3.38 mln shares | 3.38 mln | That’s 3.9% of July 2 volume |
The ratio gives investors a clearer read on the selloff. Registered shares by themselves don’t explain the week’s action. The bigger issue is Ondas has tied its 2026 plans to acquisitions funded in part with stock, so every registered resale shows up as more supply for the market to track.
The market was weak. The Nasdaq Composite dropped 0.80% Thursday, with the Nasdaq 100 down 1.61%. The S&P 500 ended basically flat and the Russell 2000 slipped 0.55%, according to MarketWatch. Ondas lagged each of those and was also softer than Red Cat Holdings Inc. NASDAQ:RCAT, another small drone stock, which was down about 1.0%.
| Latest Thursday marker | Price/level | Change |
|---|---|---|
| Ondas Inc. NASDAQ:ONDS | $7.41 at the close | -6.44% |
| Nasdaq Composite | 25,832.67 | -0.80% |
| Nasdaq 100 | 29,329.21 | -1.61% |
| Russell 2000 | 2,996.11 | -0.55% |
| Red Cat Holdings Inc. NASDAQ:RCAT | $10.44 | -1.0% |
Bulls are still in the running. Ondas said June 22 it landed over $40 million in fresh orders this month, pushing Q2 order activity to above $150 million so far. CEO Eric Brock called it proof of “increasing demand for autonomous defense technologies.” Ondas Inc.
Ondas’ Sentrycs business said it’s working with Lockheed Martin NYSE:LMT to bring its Cyber-over-RF counter-drone tech to Lockheed’s Sanctum counter-UAS system. “The integration expands the layered sensing and response options” for users, said Matt Bahnemann, a senior manager at Lockheed Martin. Ondas Inc.
Ondas’ June deal run adds to the demand picture. The company agreed to buy Cyberhawk for around $125 million. Cyberhawk comes with over 300 customers, a revenue forecast above $45 million for the fiscal year ending March 2027, and a backlog of $95 million. CEO Brock said Cyberhawk is “a market leader in critical infrastructure intelligence.” Ondas Inc.
First-quarter results remain central to how the stock is being valued. Ondas posted $50.1 million in revenue, up sharply from $4.3 million a year ago, and boosted its 2026 revenue goal to at least $390 million. Operating loss came in at $42.7 million. The company said adjusted EBITDA losses should stay high through the second quarter.
That’s why the test next week is pretty narrow. Ondas has some orders, a backlog, and it talks up its defense-drone story, but shares are still down 51% from the 52-week high of $15.28. Monday will start with support at the Thursday low of $7.37, then the June 26 close at $7.83, and resistance where sellers stood firm at $8.45.
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