Ondas (NASDAQ:ONDS) Announces Earnings Results

Ondas (NASDAQ:ONDS) released its quarterly earnings data on Tuesday. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01), Zacks reports. Ondas had a negative return on equity of 163.19% and a negative net margin of 544.24%. The business had revenue of $1.48 million during the quarter, compared to the consensus estimate of $1.32 million. During the same period last year, the company earned ($0.15) EPS.

Ondas Trading Down 3.5 %

ONDS stock opened at $0.76 on Thursday. The firm has a market cap of $52.99 million, a PE ratio of -1.05 and a beta of 2.47. The firm has a fifty day moving average price of $0.81 and a 200 day moving average price of $0.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.27 and a current ratio of 0.40. Ondas has a fifty-two week low of $0.53 and a fifty-two week high of $1.99.

Wall Street Analyst Weigh In

Separately, Northland Securities dropped their price target on Ondas from $2.00 to $1.50 and set an “outperform” rating for the company in a research note on Friday, August 16th.

About Ondas

Ondas Holdings Inc, through its subsidiaries, provides private wireless, drone, and automated data solutions. It operates in two segments, Ondas Networks and Ondas Autonomous Systems. The company designs, develops, manufactures, sells, and supports FullMAX, a software defined radio (SDR) platform for wide-area broadband networks.