Investors Scooping Up Ondas Stock (ONDS) Ahead of Q2 Earnings Report

Retail investors are getting on board with communications and drone technology group Ondas (ONDS) ahead of its Q2 earnings report this week.

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Its stock is down 3.5% in the year-to-date, but is 171% higher on a twelve-month basis. It continues to win orders from the U.S. Army given the heightened importance of drones in modern warfare, but investors are concerned about its continued cash burn and operating losses.

At TipRanks, we can gauge exactly how retail investors who hold our Smart Portfolios are feeling about a stock. We do that through a tool called Crowd Wisdom.

For ONDS, it shows that the number of investors holding it in their portfolios has increased over the last week.

Let’s see what it says, in detail, about ONDS.

Looking at the Crowd Wisdom page, we see that 1.9% of 873,738 smart portfolios now hold ONDS stock. Over the last 30 days, the number of portfolios holding ONDS stock has increased 2.4%. Over the last 7 days, there has been a 1% increase.

Investor sentiment in the ONDS stock is described as being Positive, which is above the sector average.

Some of the most optimistic have been investors aged over 55, with a 7.4% increase in ONDS holders in the last 30 days. This age bracket represents around a half of ONDS investors.

What Wall Street Expects

Wall Street expects ONDS to report earnings per share of minus $0.09, compared with $0.08 in the same quarter last year. That is down to continued investment in the business as it grows and to integrate new acquisitions such as Cyberhawk.

Revenues are tipped to come in at $67.97 million, up substantially from $6.27 million in the same period last year.

Is ONDS a Good Stock to Buy Now?

On TipRanks, ONDS has a Strong Buy consensus based on 8 Buy ratings. Its highest price target is $25. ONDS stock’s consensus price target is $18.75, implying a 97.78% upside. (See ONDS Stock Forecast).