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

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

Ondas Trading Down 2.2 %

NASDAQ ONDS traded down $0.02 during trading on Wednesday, hitting $0.77. The company’s stock had a trading volume of 230,965 shares, compared to its average volume of 285,833. Ondas has a fifty-two week low of $0.53 and a fifty-two week high of $1.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.40 and a quick ratio of 0.27. The business’s 50 day simple moving average is $0.81 and its 200-day simple moving average is $0.80.

Analyst Upgrades and Downgrades

Separately, Northland Securities cut their price objective on shares of Ondas from $2.00 to $1.50 and set an “outperform” rating on the stock in a research report on Friday, August 16th.

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.