FY2027 Earnings Estimate for Ondas Issued By Northland Capmk

Key Points

• Northland Capital Markets estimates that Ondas Holdings will earn ($0.08) per share in FY2027, an improvement from the current consensus estimate of ($0.53) per share.
• In its latest quarterly report, Ondas reported ($0.15) earnings per share, missing expectations, while also exhibiting a negative net margin of 412.92%.
• Institutional investors currently own 37.73% of Ondas' stock, with notable stakes purchased by Raymond James Financial and other hedge funds in the last quarter.

Ondas Holdings Inc. (NASDAQ:ONDS - Free Report) - Stock analysts at Northland Capmk issued their FY2027 earnings estimates for Ondas in a report released on Wednesday, August 6th. Northland Capmk analyst M. Latimore forecasts that the company will earn ($0.08) per share for the year. The consensus estimate for Ondas' current full-year earnings is ($0.53) per share.

Ondas (NASDAQ:ONDS - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). Ondas had a negative net margin of 412.92% and a negative return on equity of 232.07%. The firm had revenue of $4.25 million during the quarter, compared to analysts' expectations of $4.94 million.

ONDS has been the subject of a number of other reports. Wall Street Zen raised Ondas from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Lake Street Capital started coverage on Ondas in a report on Monday, April 14th. They set a "buy" rating and a $2.50 target price for the company.

Ondas Price Performance

ONDS traded up $0.31 during trading on Friday, reaching $3.56. The company's stock had a trading volume of 25,883,318 shares, compared to its average volume of 12,953,964. Ondas has a 1 year low of $0.54 and a 1 year high of $3.95. The company has a market cap of $638.34 million, a price-to-earnings ratio of -6.09 and a beta of 2.29. The firm has a fifty day simple moving average of $1.95 and a two-hundred day simple moving average of $1.39. The company has a quick ratio of 0.65, a current ratio of 0.86 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Ondas

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Ondas during the 4th quarter worth about $235,000. Marshall Wace LLP purchased a new position in shares of Ondas in the 4th quarter valued at approximately $831,000. Millennium Management LLC grew its stake in shares of Ondas by 150.0% in the 4th quarter. Millennium Management LLC now owns 28,366 shares of the company's stock valued at $73,000 after purchasing an additional 17,021 shares during the last quarter. Summit Trail Advisors LLC purchased a new stake in shares of Ondas in the first quarter valued at approximately $187,000. Finally, Jane Street Group LLC purchased a new stake in shares of Ondas in the fourth quarter valued at approximately $1,050,000. Institutional investors and hedge funds own 37.73% 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.

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