Northland Securities Trims Ondas (NASDAQ:ONDS) Target Price to $1.50

Ondas (NASDAQ:ONDS) 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) 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

Institutional investors have recently modified their holdings of the company. Koshinski Asset Management Inc. bought a new stake in Ondas during the 1st quarter worth approximately $28,000. Truist Financial Corp bought a new stake in shares of Ondas during the fourth quarter worth $43,000. Wealth Effects LLC raised its holdings in shares of Ondas by 9.8% in the second quarter. Wealth Effects LLC now owns 156,500 shares of the company’s stock valued at $91,000 after buying an additional 14,000 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in Ondas by 17.2% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 300,000 shares of the company’s stock worth $174,000 after buying an additional 44,000 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in Ondas during the 4th quarter worth about $177,000. Institutional investors own 37.73% of the company’s stock.

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.