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

by · The Cerbat Gem

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

Ondas Stock Down 5.2 %

Shares of ONDS traded down $0.04 during trading hours on Wednesday, hitting $0.74. The company had a trading volume of 255,433 shares, compared to its average volume of 285,944. 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 company’s fifty day moving average price is $0.81 and its two-hundred day moving average price is $0.80. Ondas has a one year low of $0.53 and a one year high of $1.99. The company has a market capitalization of $52.07 million, a PE ratio of -1.07 and a beta of 2.47.

Wall Street Analysts Forecast Growth

Separately, Northland Securities lowered their target price 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.

View Our Latest Report on Ondas

Ondas Company Profile

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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.

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