Reading the tape
NASDAQ: ONDS
Ondas Holdings Inc.
Technology · Communication Equipment
Market Cap
$4.57B
52w High
$15.28
52w Low
$0.76
P/E
-15.82
Volume
43.59M
Outstanding Shares
485.14M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 1,035.21%Revenue (TTM): 605.31%FCF (TTM): -12.38%P/S: 61st pct
What changed
The stock rose 1,035.21% over the last year. Revenue grew 605.31% over the trailing twelve months. Operating margin moved from -481.17% to -115.09%. Free cash flow declined 12.38% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/S range (61st percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at -115.09% — continued expansion would be needed to justify the premium. Revenue growth of 605.31% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Ondas Holdings Inc., through its subsidiaries, provides private wireless, drone, and automated data solutions.
CEOEric Ashley Brock
SectorTechnology
IndustryCommunication Equipment
Employees113
IPO dateDec 4, 2020
Valuation
Forward P/E—
EV/EBITDA-31.40
Enterprise value$1.58B
Stock splits
Nov 16, 2020↓ Reverse
Every 3 shares became 1
Profitability & growth
Revenue growth629.25%
Gross margin39.73%▲727.89%vs FY2024
Operating margin-115.09%▲76.08%vs FY2024
ROE-30.19%▲86.83%vs FY2024
Analyst consensus
RatingBuy
Target price$16.56▲75.80%
7
Buy
0
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 14, 2026
Q2 FY26 · EPS est -$0.03 · Revenue est $39.36M
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