Ondas (NASDAQ:ONDS – Free Report) had its price target trimmed by Northland Securities from $2.00 to $1.50 in a report released on Friday morning, Benzinga reports. The firm currently has an outperform rating on the stock.
Ondas Stock Performance
Ondas stock opened at $0.71 on Friday. The business has a 50 day simple moving average of $0.79 and a 200 day simple moving average of $0.93. Ondas has a one year low of $0.31 and a one year high of $1.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.52 and a current ratio of 0.62.
Ondas (NASDAQ:ONDS – Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.03. The company had revenue of $0.96 million for the quarter, compared to the consensus estimate of $0.85 million. Ondas had a negative net margin of 450.02% and a negative return on equity of 117.18%. During the same quarter in the previous year, the company earned ($0.18) EPS. Research analysts anticipate that Ondas will post -0.5 EPS for the current fiscal year.
Institutional Inflows and Outflows
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.
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