Ondas (ONDS) Expected to Announce Quarterly Earnings on Wednesday

Ondas (NASDAQ:ONDS) is expected to be releasing its earnings data before the market opens on Wednesday, March 12th. Analysts expect Ondas to post earnings of ($0.09) per share for the quarter.

Ondas Price Performance

NASDAQ ONDS opened at $0.89 on Thursday. The company has a 50-day moving average price of $1.90 and a 200-day moving average price of $1.25. The firm has a market capitalization of $81.01 million, a P/E ratio of -1.23 and a beta of 2.00. Ondas has a 52 week low of $0.54 and a 52 week high of $3.40. The company has a quick ratio of 0.21, a current ratio of 0.43 and a debt-to-equity ratio of 0.02.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Randy Seidl sold 21,359 shares of Ondas stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $1.29, for a total value of $27,553.11. Following the sale, the director now directly owns 124,513 shares of the company’s stock, valued at $160,621.77. The trade was a 14.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 13.90% of the company’s stock.

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.