Ondas (NASDAQ:ONDS) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Ondas (NASDAQ:ONDS) announced its quarterly earnings data on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05), Zacks reports. Ondas had a negative net margin of 544.24% and a negative return on equity of 183.49%.

Ondas Stock Performance

NASDAQ:ONDS opened at $0.66 on Wednesday. Ondas has a twelve month low of $0.54 and a twelve month high of $3.40. The company has a quick ratio of 0.21, a current ratio of 0.43 and a debt-to-equity ratio of 0.02. The stock has a market cap of $60.52 million, a P/E ratio of -0.92 and a beta of 2.00. The business’s 50-day moving average price is $1.75 and its two-hundred day moving average price is $1.25.

Wall Street Analysts Forecast Growth

Separately, Northland Securities boosted their price target on shares of Ondas from $1.50 to $4.00 and gave the company an “outperform” rating in a research report on Monday, December 30th.

Insider Activity at Ondas

In other Ondas news, Director Randy Seidl sold 21,359 shares of Ondas stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $1.29, for a total transaction of $27,553.11. Following the completion of the sale, the director now owns 124,513 shares of the company’s stock, valued at $160,621.77. The trade was a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.90% of the stock is currently owned by insiders.

Ondas Company Profile

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.