(ONDS) Ondas Holdings - Ratings and Ratios
Radio Platform, Drone, Counter-Drone System, Imaging Payloads, Data Portal
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 124% |
| Value at Risk 5%th | 180% |
| Relative Tail Risk | -11.57% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.13 |
| Alpha | 880.55 |
| CAGR/Max DD | 0.80 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.493 |
| Beta | 2.382 |
| Beta Downside | 2.851 |
| Drawdowns 3y | |
|---|---|
| Max DD | 86.00% |
| Mean DD | 48.27% |
| Median DD | 56.04% |
Description: ONDS Ondas Holdings October 27, 2025
Ondas Holdings Inc. (NASDAQ: ONDS) develops and sells private wireless, drone, and automated data solutions, operating from its Boston headquarters since its 2014 incorporation.
The business is split into two segments: Ondas Networks, which builds the FullMAX software-defined radio (SDR) platform for wide-area broadband, and Ondas Autonomous Systems, which offers the Optimus AI-driven drone, the rugged Airbase processing hub, the Insightful cloud portal/API, and the Raider counter-drone security system.
Its customer base spans rail, energy, mining, agriculture, public safety, critical infrastructure, and government agencies, positioning the firm in markets where reliable, low-latency connectivity and threat detection are mission-critical.
Based on the latest public filings, Ondas reported approximately $12 million in revenue for FY 2023, a year-over-year increase of roughly 45%, and holds an estimated 18-month cash runway at current burn rates. The private LTE and private 5G market is projected to grow at a 12% CAGR through 2029, while the global counter-drone market is expected to exceed $2.5 billion by 2027, both of which are key tailwinds for Ondas’s product portfolio.
If you’re evaluating emerging tech plays, a deeper dive into ValueRay’s analyst notes on ONDS could surface additional quantitative insights and risk considerations.
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income (-42.7m TTM) > 0 and > 6% of Revenue (6% = 1.48m TTM) |
| FCFTA -0.06 (>2.0%) and ΔFCFTA 34.89pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 1808 % (prev -278.4%; Δ 2087 pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.06 (>3.0%) and CFO -34.1m > Net Income -42.7m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 15.30 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (259.9m) change vs 12m ago 267.4% (target <= -2.0% for YES) |
| Gross Margin 33.57% (prev 14.82%; Δ 18.75pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.85% (prev 10.01%; Δ -2.16pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -4.94 (EBITDA TTM -29.5m / Interest Expense TTM 7.14m) >= 6 (WARN >= 3) |
Altman Z'' -4.10
| (A) 0.81 = (Total Current Assets 478.9m - Total Current Liabilities 31.3m) / Total Assets 550.2m |
| (B) -0.49 = Retained Earnings (Balance) -268.7m / Total Assets 550.2m |
| (C) -0.11 = EBIT TTM -35.3m / Avg Total Assets 315.2m |
| (D) -6.76 = Book Value of Equity -268.7m / Total Liabilities 39.8m |
| Total Rating: -4.10 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 39.00
| 1. Piotroski 1.0pt |
| 2. FCF Yield -1.20% |
| 3. FCF Margin data missing |
| 4. Debt/Equity 0.04 |
| 5. Debt/Ebitda 14.08 |
| 6. ROIC - WACC (= -34.66)% |
| 7. RoE -27.56% |
| 8. Rev. Trend 73.63% |
| 9. EPS Trend 61.54% |
What is the price of ONDS shares?
Over the past week, the price has changed by -3.53%, over one month by +58.80%, over three months by +33.38% and over the past year by +757.84%.
Is ONDS a buy, sell or hold?
- Strong Buy: 3
- Buy: 1
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the ONDS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 11 | 25.7% |
| Analysts Target Price | 11 | 25.7% |
| ValueRay Target Price | 6.5 | -25.5% |
ONDS Fundamental Data Overview December 05, 2025
P/E Forward = 11.3766
P/S = 134.2767
P/B = 6.8368
Beta = 2.378
Revenue TTM = 24.7m USD
EBIT TTM = -35.3m USD
EBITDA TTM = -29.5m USD
Long Term Debt = 300.0k USD (from longTermDebt, last quarter)
Short Term Debt = 12.7m USD (from shortTermDebt, last quarter)
Debt = 18.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -414.8m USD (from netDebt column, last quarter)
Enterprise Value = 2.89b USD (3.32b + Debt 18.0m - CCE 451.6m)
Interest Coverage Ratio = -4.94 (Ebit TTM -35.3m / Interest Expense TTM 7.14m)
FCF Yield = -1.20% (FCF TTM -34.7m / Enterprise Value 2.89b)
FCF Margin = -140.2% (FCF TTM -34.7m / Revenue TTM 24.7m)
Net Margin = -172.5% (Net Income TTM -42.7m / Revenue TTM 24.7m)
Gross Margin = 33.57% ((Revenue TTM 24.7m - Cost of Revenue TTM 16.4m) / Revenue TTM)
Gross Margin QoQ = 25.79% (prev 53.11%)
Tobins Q-Ratio = 5.25 (Enterprise Value 2.89b / Total Assets 550.2m)
Interest Expense / Debt = 2.47% (Interest Expense 444.4k / Debt 18.0m)
Taxrate = -4.29% (negative due to tax credits) (307.5k / -7.17m)
NOPAT = -36.8m (EBIT -35.3m * (1 - -4.29%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 15.30 (Total Current Assets 478.9m / Total Current Liabilities 31.3m)
Debt / Equity = 0.04 (Debt 18.0m / totalStockholderEquity, last quarter 486.1m)
Debt / EBITDA = 14.08 (negative EBITDA) (Net Debt -414.8m / EBITDA -29.5m)
Debt / FCF = 11.96 (negative FCF - burning cash) (Net Debt -414.8m / FCF TTM -34.7m)
Total Stockholder Equity = 154.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -7.76% (Net Income -42.7m / Total Assets 550.2m)
RoE = -27.56% (Net Income TTM -42.7m / Total Stockholder Equity 154.9m)
RoCE = -22.72% (EBIT -35.3m / Capital Employed (Equity 154.9m + L.T.Debt 300.0k))
RoIC = -19.94% (negative operating profit) (NOPAT -36.8m / Invested Capital 184.4m)
WACC = 14.72% (E(3.32b)/V(3.34b) * Re(14.79%) + D(18.0m)/V(3.34b) * Rd(2.47%) * (1-Tc(-0.04)))
Discount Rate = 14.79% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 104.8%
Fair Price DCF = unknown (Cash Flow -34.7m)
EPS Correlation: 61.54 | EPS CAGR: 4.90% | SUE: 0.16 | # QB: 0
Revenue Correlation: 73.63 | Revenue CAGR: 115.1% | SUE: 2.49 | # QB: 1
EPS next Quarter (2026-03-31): EPS=-0.04 | Chg30d=-0.010 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=-0.11 | Chg30d=-0.013 | Revisions Net=+1 | Growth EPS=+21.4% | Growth Revenue=+205.9%
Additional Sources for ONDS Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle