Ondas (ONDS) to Release Quarterly Earnings on Tuesday

Ondas (NASDAQ:ONDS) is scheduled to be releasing its earnings data before the market opens on Tuesday, November 12th. Analysts expect Ondas to post 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 for the quarter, topping the consensus estimate of ($0.17) by $0.03. Ondas had a negative net margin of 450.02% and a negative return on equity of 132.10%. The company had revenue of $0.96 million for the quarter, compared to analysts’ expectations of $0.85 million. During the same quarter in the previous year, the business posted ($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 Stock Performance

Ondas stock opened at $0.77 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.40 and a debt-to-equity ratio of 0.03. Ondas has a twelve month low of $0.48 and a twelve month high of $1.99. The company’s 50-day moving average price is $0.82 and its 200-day moving average price is $0.80. The company has a market cap of $53.87 million, a PE ratio of -1.03 and a beta of 2.47.

Wall Street Analyst Weigh In

Separately, Northland Securities lowered their price target on Ondas from $2.00 to $1.50 and set an “outperform” rating for the company 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.