Ondas Holdings Inc. Up 31.93% To $1.28 After Earnings

Ondas Holdings Inc. (ONDS) said before open Monday that it broke even in quarter four 2023.

In the same quarter a year ago, the company lost $0.44 per share on revenue of $478.9 thousand.

The stock is up 31.93% to $1.28 after the report.

Ondas Holdings Inc.'s profit margins maintained as both earnings and revenue declined at the same pace.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Ondas Holdings Inc. a Neutral Sentiment Rank from InvestorsObserver.

Ondas Holdings Inc. has performed a little below average during the past few months. Before the report, Ondas Holdings Inc. received a Long-Term Technical Rank by InvestorsObserver of 35, putting it in the bottom half of stocks. The firm set a 52-week low on October 26, 2023 at $0.31 and set a 52-week high on July 21, 2023 at $2.14.

Ondas Holdings Inc designs, develops, manufactures, sells, and supports FullMAX Software Defined Radio (SDR) technology in the United States, Israel, and India. Its FullMAX system of wireless base stations, fixed and mobile remote radios are deployed by customers to create wide-area wireless broadband cellular networks. The company markets and sells its products to companies in the electric utilities, water and wastewater utilities, oil and gas producers, and for other critical infrastructure applications in areas such as homeland security and defense, and transportation.