Ondas (ONDS) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ondas in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ONDS shares.
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2 analysts have issued 12 month target prices for Ondas' shares. Their ONDS share price forecasts range from $3.00 to $5.00. On average, they anticipate the company's share price to reach $4.00 in the next year. This suggests a possible upside of 329.5% from the stock's current price.
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Ondas' stock was trading at $1.59 at the start of the year. Since then, ONDS stock has decreased by 41.4% and is now trading at $0.9313.
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Ondas saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,740,000 shares, a drop of 15.4% from the April 30th total of 3,240,000 shares. Based on an average trading volume of 338,100 shares, the days-to-cover ratio is currently 8.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our ONDS earnings forecast.

Ondas Holdings Inc. (NASDAQ:ONDS) posted its earnings results on Tuesday, March, 14th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.43) by $0.01. The company earned $0.48 million during the quarter, compared to the consensus estimate of $2.32 million. Ondas had a negative net margin of 1,801.65% and a negative trailing twelve-month return on equity of 74.75%.

AdvisorShares Drone Technology ETF holds 1,989 shares of ONDS stock, representing 0.37% of its portfolio.

Ondas updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $26.00 million-$26.00 million, compared to the consensus revenue estimate of $26.10 million.

Ondas trades on the NASDAQ under the ticker symbol "ONDS."

Ondas' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.58%), Geode Capital Management LLC (1.34%), State Street Corp (1.01%), Renaissance Technologies LLC (0.61%), Bank of America Corp DE (0.51%) and Diamond Hill Capital Management Inc. (0.24%). Insiders that own company stock include Derek Reisfield, Richard H Silverman, Richard M Cohen, Stewart Kantor and Thomas Bushey.
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Shares of ONDS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ONDS stock can currently be purchased for approximately $0.93.

Ondas (NASDAQ:ONDS) has a market capitalization of $47.57 million and generates $2.13 million in revenue each year. The company earns $-73,240,000.00 in net income (profit) each year or ($1.79) on an earnings per share basis.

The official website for the company is www.ondas.com. The company can be reached via phone at (888) 350-9994 or via email at onds@gatewayir.com.