Ondas (NASDAQ:ONDS) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Ondas (NASDAQ:ONDS - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05), Zacks reports. The business had revenue of $4.13 million for the quarter, compared to the consensus estimate of $5.75 million. Ondas had a negative return on equity of 183.49% and a negative net margin of 544.24%. Ondas updated its FY 2025 guidance to EPS.

Ondas Stock Down 2.9 %

NASDAQ ONDS traded down $0.02 during trading hours on Thursday, hitting $0.68. The company's stock had a trading volume of 8,167,756 shares, compared to its average volume of 2,477,488. The company has a market capitalization of $61.77 million, a PE ratio of -0.94 and a beta of 2.00. The company has a current ratio of 0.43, a quick ratio of 0.21 and a debt-to-equity ratio of 0.02. Ondas has a 52 week low of $0.54 and a 52 week high of $3.40. The company's 50-day simple moving average is $1.67 and its two-hundred day simple moving average is $1.24.

Analysts Set New Price Targets

Separately, Northland Securities increased their price objective on shares of Ondas from $1.50 to $4.00 and gave the stock an "outperform" rating in a research report on Monday, December 30th.

Insider Transactions at Ondas

In related news, Director Randy Seidl sold 21,359 shares of the business's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $1.29, for a total transaction of $27,553.11. Following the transaction, the director now directly owns 124,513 shares in the company, valued at approximately $160,621.77. The trade was a 14.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 13.90% of the company's stock.

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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.