Movement Alert|Ondas Holdings Inc. Rises 5.42% in Pre-Market Trading, Earnings Day Coupled With Buy Initiation From Roth Capital

Market Focus
Aug 13

On August 13, Ondas Holdings Inc. rose 5.42% in pre-market trading, trading at $10.37/share, with turnover of $4.58 million. Multiple catalysts converged ahead of the company's quarterly earnings release scheduled for pre-market today.

On August 11, Roth Capital initiated coverage on Ondas Holdings with a Buy rating and a price target of $19.06, implying significant upside from current levels. Additionally, on August 10, the company completed its previously announced $125 million acquisition of Cyberhawk, a provider of drone inspection services and AI-powered asset intelligence systems for critical infrastructure operators. Earlier on August 6, Ondas disclosed that its Mistral subsidiary received a US Army order exceeding $50 million for tactical lethal unmanned systems, bringing total program awards above $240 million under a $982 million multi-year IDIQ contract.

Market consensus expects quarterly revenue of approximately $67.97 million, representing year-over-year growth of over 1,200%, with adjusted EPS of -$0.09, an improvement of 11.56% year-over-year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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