HC Wainwright Issues Pessimistic Forecast for Ondas Earnings

Ondas Holdings Inc. (NASDAQ:ONDS) – HC Wainwright decreased 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 forecasts that the company will post earnings per share of $0.28 for the year, down from their previous forecast of $0.38. HC Wainwright currently has a “Buy” rating and a $17.00 target price on the stock. The consensus estimate for Ondas’ current full-year earnings is ($0.53) per share.

Several other analysts also recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Ondas in a report on Monday, December 29th. Lake Street Capital raised their target price on shares of Ondas from $10.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Northland Securities lifted their target price on shares of Ondas from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday. Glj Research set a $17.00 price target on shares of Ondas in a report on Tuesday, March 10th. Finally, Oppenheimer upped their price target on shares of Ondas from $12.00 to $16.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Ondas Stock Down 8.4%

Shares of NASDAQ ONDS opened at $9.44 on Friday. Ondas has a 12 month low of $0.66 and a 12 month high of $15.28. The company has a market cap of $4.32 billion, a price-to-earnings ratio of -14.09 and a beta of 2.47. The business has a fifty day simple moving average of $10.58 and a 200-day simple moving average of $9.13.

Ondas (NASDAQ:ONDS) last issued 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). The company had revenue of $30.11 million during the quarter, compared to analyst estimates of $27.49 million. Ondas had a negative return on equity of 69.00% and a negative net margin of 270.37%.

Insider Activity

In other news, CEO Eric A. Brock sold 475,000 shares of Ondas stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $9.71, for a total transaction of $4,612,250.00. Following the completion of the sale, the chief executive officer directly owned 1,461,255 shares in the company, valued at $14,188,786.05. The trade was a 24.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ondas

Hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in Ondas by 231.4% in the third quarter. IFP Advisors Inc now owns 4,142 shares of the company’s stock valued at $32,000 after acquiring an additional 2,892 shares during the last quarter. Avion Wealth lifted its stake in shares of Ondas by 100.0% in the 4th quarter. Avion Wealth now owns 4,000 shares of the company’s stock valued at $39,000 after purchasing an additional 2,000 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in Ondas by 228.6% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,403 shares of the company’s stock worth $43,000 after purchasing an additional 3,063 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Ondas by 1,005.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,398 shares of the company’s stock valued at $43,000 after buying an additional 4,000 shares in the last quarter. Finally, American Capital Advisory LLC raised its holdings in Ondas by 4,600.0% during the fourth quarter. American Capital Advisory LLC now owns 4,700 shares of the company’s stock valued at $46,000 after buying an additional 4,600 shares in the last quarter. Institutional investors and hedge funds own 37.73% of the company’s stock.

Ondas Company Profile

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.