Ondas (NASDAQ:ONDS) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Ondas (NASDAQ:ONDS) announced 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. The company had revenue of $1.48 million for the quarter, compared to the consensus estimate of $1.32 million. Ondas had a negative net margin of 544.24% and a negative return on equity of 163.19%. During the same quarter in the previous year, the business earned ($0.15) EPS.

Ondas Stock Performance

Shares of Ondas stock opened at $0.76 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.27 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average price is $0.81 and its 200-day moving average price is $0.80. The firm has a market cap of $52.99 million, a P/E ratio of -1.05 and a beta of 2.47. Ondas has a 12 month low of $0.53 and a 12 month high of $1.99.

Analysts Set New Price Targets

Separately, Northland Securities decreased their price target on shares of 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.