Ondas (ONDS) to Release Quarterly Earnings on Tuesday

Ondas (NASDAQ:ONDS) is set to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter.

Ondas (NASDAQ:ONDS) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.03. The firm had revenue of $0.96 million during the quarter, compared to analyst estimates of $0.85 million. Ondas had a negative return on equity of 132.10% and a negative net margin of 450.02%. During the same quarter in the previous year, the business earned ($0.18) earnings per share. On average, analysts expect Ondas to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ondas Trading Up 3.8 %

ONDS opened at $0.77 on Wednesday. Ondas has a 52 week low of $0.48 and a 52 week high of $1.99. The company has a market capitalization of $53.87 million, a P/E ratio of -1.03 and a beta of 2.47. The stock’s fifty day moving average is $0.82 and its two-hundred day moving average is $0.80. The company has a quick ratio of 0.27, a current ratio of 0.40 and a debt-to-equity ratio of 0.03.

Analysts Set New Price Targets

Separately, Northland Securities decreased their price objective on Ondas from $2.00 to $1.50 and set an “outperform” rating for the company in a report 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.