Ondas (NASDAQ:ONDS) Announces Earnings Results

Ondas (NASDAQ:ONDS) announced its quarterly earnings data on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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 Down 12.8 %

ONDS stock opened at $0.63 on Wednesday. The company has a fifty day moving average price of $1.75 and a 200 day moving average price of $1.25. Ondas has a 12 month low of $0.54 and a 12 month high of $3.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.43 and a quick ratio of 0.21. The company has a market cap of $57.60 million, a price-to-earnings ratio of -0.88 and a beta of 2.00.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Ondas

In related news, Director Randy Seidl sold 21,359 shares of the stock in a transaction on 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 directly owns 124,513 shares of the company’s stock, valued at $160,621.77. This trade represents a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 13.90% of the company’s stock.

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.