HC Wainwright Issues Pessimistic Estimate for Ondas Earnings

Ondas Holdings Inc. (NASDAQ:ONDS) – Analysts at HC Wainwright dropped their FY2030 earnings per share (EPS) estimates for shares of Ondas in a research note issued to investors on Thursday, March 26th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings of $0.28 per share for the year, down from their prior forecast of $0.38. HC Wainwright has a “Buy” rating and a $17.00 price target on the stock. The consensus estimate for Ondas’ current full-year earnings is ($0.53) per share.

Ondas (NASDAQ:ONDS) last posted its earnings results on Monday, March 23rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.33). Ondas had a negative net margin of 270.37% and a negative return on equity of 69.00%. The company had revenue of $30.11 million during the quarter, compared to the consensus estimate of $27.49 million.

Other analysts also recently issued reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ondas in a research report on Monday, December 29th. Needham & Company LLC raised their price target on shares of Ondas from $17.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday. Stifel Nicolaus lifted their price target on Ondas from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Lake Street Capital boosted their price objective on Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Glj Research set a $17.00 price objective on Ondas in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Stock Performance

Ondas stock opened at $9.44 on Friday. Ondas has a one year low of $0.66 and a one year high of $15.28. The company has a 50-day simple moving average of $10.58 and a 200-day simple moving average of $9.13. The firm has a market capitalization of $4.32 billion, a P/E ratio of -14.09 and a beta of 2.47.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Ondas by 444.4% in the first quarter. Goldman Sachs Group Inc. now owns 112,373 shares of the company’s stock worth $120,000 after acquiring an additional 91,732 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Ondas by 57.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,344,590 shares of the company’s stock worth $2,583,000 after purchasing an additional 490,239 shares during the last quarter. DNB Asset Management AS grew its stake in shares of Ondas by 48.9% in the 2nd quarter. DNB Asset Management AS now owns 175,162 shares of the company’s stock worth $336,000 after purchasing an additional 57,545 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Ondas by 2,796.2% in the 2nd quarter. XTX Topco Ltd now owns 853,568 shares of the company’s stock worth $1,639,000 after purchasing an additional 824,096 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Ondas during the second quarter valued at approximately $705,000. 37.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ondas

In other news, CEO Eric A. Brock sold 475,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total value of $4,612,250.00. Following the completion of the sale, the chief executive officer owned 1,461,255 shares in the company, valued at $14,188,786.05. This represents a 24.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

About Ondas

Ondas Holdings, Inc (NASDAQ: ONDS) develops secure private wireless networking solutions and unmanned aircraft systems tailored to mission-critical industrial applications. Its Ondas Networks division offers the proprietary FullMAX platform, a long-range, high-bandwidth broadband network designed to support real-time data transmission, remote monitoring and IoT deployments across rail, maritime and infrastructure environments. The broadband platform integrates edge-to-cloud architecture to ensure operational resilience and regulatory compliance for transportation and utility operators.

The company’s Ondas Autonomous Systems segment builds heavy-lift cargo drones and uncrewed aircraft platforms for logistics, pipeline and infrastructure inspection, emergency response and other government and commercial use cases.