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Ondas Holdings Inc.(ONDS)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ONDS
09/16/2026: ONDS (3-star) is currently NOT-A-BUY. Pass it for now.
Ondas Holdings Inc. is a developer of mission-critical wireless data platforms and autonomous drone systems, primarily serving the rail, utility, and infrastructure sectors. Its strengths lie in proprietary, software-defined radio technology and its early-mover position in FAA-approved autonomous drone inspections. The company’s growth story hinges on the commercial scaling of these technologies within complex industrial environments. However, investors face significant risks including persistent operating losses, reliance on long-term project cycles, and intense competition from larger, well-capitalized technology players. The stock is best suited for growth-oriented investors with a high risk tolerance who are capable of monitoring project milestones and regulatory shifts in the drone industry.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers exposure to high-growth industrial automation, but execution risk remains significant. |
| Momentum investor | Weak fit | Momentum is often inconsistent for pre-profitability stocks and relies on positive news flow. |
| Value investor | Weak fit | The stock lacks the fundamental valuation metrics and earnings yield expected by value investors. |
| Dividend investor | Weak fit | The company does not pay a dividend and is focused on cash-intensive growth. |
| Low-risk investor | Weak fit | High price volatility and negative earnings make this unsuitable for risk-averse portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock exhibits significant price swings typical of small-cap, pre-profitability growth firms. |
| Valuation risk | High | Valuation is speculative as it relies heavily on future revenue projections rather than current cash flow. |
| Competition risk (Industrial Tech) | Medium / high | Large incumbents can outspend the company in R&D and marketing, challenging its market share. |
| Business quality | Medium | The business model is emerging, with limited historical stability in margins and earnings. |
| Dividend income | Low / none | Income investors will not find suitability here as no dividends are paid. |
| Execution risk | High | Success depends on winning complex, long-term infrastructure contracts and navigating evolving drone regulations. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 418.93% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 09/16/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.19B USD | Price to earnings Ratio - | 1Y Target Price 19.42 |
Price to earnings Ratio - | 1Y Target Price 19.42 | ||
Volume (30-day avg) 69.6M shares | Beta 2.74 | 52 Weeks Range 4.95 - 15.28 | Updated Date 09/16/2026 |
52 Weeks Range 4.95 - 15.28 | Updated Date 09/16/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.03 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Wireless Networks | Sale of FullMAX base stations, radios, and professional services to utilities and rail. | Revenue is earned from long-term infrastructure equipment contracts. |
| Autonomous Drones | Optimus drone system sales, maintenance, and data services. | Revenue is earned from the rollout of automated inspection systems. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 45.05 | Enterprise Value 2.84B | Price to Sales(TTM) 24.08 |
Enterprise Value 2.84B | Price to Sales(TTM) 24.08 | ||
Enterprise Value to Revenue 16.34 | Enterprise Value to EBITDA 16.89 | Shares Outstanding 582.29M | Shares Floating 533.42M |
Shares Outstanding 582.29M | Shares Floating 533.42M | ||
Percent Insiders 1.8 | Percent Institutions 58.37 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Ondas Holdings Inc.
Exchange NASDAQ | Headquarters West Palm Beach, FL, United States | ||
IPO Launch date 2018-10-25 | Chairman, CEO & President Mr. Eric Ashley Brock CPA | ||
Sector Technology | Industry Communication Equipment | Full time employees 459 | Website https://www.ondas.com |
Full time employees 459 | Website https://www.ondas.com | ||
Ondas Inc. provides private wireless, drone, and automated data solutions in the United States and internationally. It operates through the Ondas Networks and Ondas Autonomous Systems segments. The company offers Counter-UAS (CUAS) and site protection systems, including iron drone raider, a fully autonomous interceptor drone system for neutralizing small hostile drones; sentrycs CoRF, Cyber/RF-based CUAS platform for detection, identification, tracking, and mitigation of unauthorized drones; optimus system, fully autonomous drone platform for continuous security, surveillance, and mission-critical data collection; 4M defense, supporting missions related to demining and clearing land of unexploded ordnance; roboteam, UGVs and tactical ground robotics; apeiro motion, autonomy and mobility software for robotic platforms, enhancing navigation and operational effectiveness; and loitering munition systems, is a one way drone for a variety of missions including ISR defense and strike. It also offers FullMAX Software-Defined Radio Platform, a patented SDR platform for secure, private, wide-area broadband networks, enabling mission-critical communications; software and hardware maintenance agreements, extended software and hardware maintenance contracts, including ongoing support, security upgrades, and feature enhancements; licensing/royalties, licensing of FullMAX software and technology for integration into partner hardware and software platforms; and ancillary services, wireless network design, systems engineering, radio frequency planning, software configuration, product training, installation, onsite support, and engineering/product development. It serves rail, electric utilities, oil and gas, public safety, government, and other industrial applications. The company was formerly known as Ondas Holdings Inc. and changed its name to Ondas Inc. in January 2026. Ondas Inc. was incorporated in 2014 and is headquartered in West Palm Beach, Florida.
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