QualityDipStocks / Technology · Communications equipment
Ondas ONDS
Outside our quality screen, so we don’t track its dips. It’s 59% below its 52-week high.
Outside our quality screen, 18% under its Market Value. No fair value estimate for now: its free cash flow is negative.
- Fair value est.
- n/a
- Market Value
- $6.97price −18%
- Off 52-wk high
- −59%
- Risk vs market
- Highbeta 3.23
5 bullish · 5 bearish See why
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for ONDS: negative free cash flow. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much ONDS moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings much more than the market, and its own price swings are 8.4× the S&P 500’s.
- Beta vs S&P 500
- 3.23
- Volatility
- 108% vs 13% SPY
- Correlation SPY
- 0.38
- Correlation QQQ
- 0.41
How it ranks
Where ONDS stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Not in the top quarter on any of these 3 measures
- Free cash flow yield−5.2% · free cash flow vs market capLowest 7%of 1,391
- Dividends + buybacks yield0% · cash paid out or used to retire shares, vs market capLowest 1%of 1,836
- Operating margin−140% · of sales kept as operating profitLowest 1%of 1,288
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
MV $6.97
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ProfitabilityOperating margin widened to −115.1% in FY2025 from −253.2% in FY2023 (SEC filings).
ValuationP/E of 20.2× vs a 33.0× median for the 220 Technology companies we cover.
ProfitabilityReturn on equity of 20% over the last 12 months, up 109 points in two years.
ValuationPrice / book of 2.1×, below the 5.9× median for the 261 Technology companies we cover.
ValuationTrades 17.5% below its Market Value of $6.97, the average price paid since the Sep 14 filing.
Top bearish points 5 of 5
ValuationFree cash flow is negative (−$172M over the last 12 months), so there’s no cash-flow value under the price.
Balance sheetOperating income covers interest only -96.8× over the last 12 months.
ProfitabilityLoses money at the operating line: −140% operating margin over the last 12 months.
QualityDoesn’t pass our quality screen: no positive free cash flow.
RiskSwings hard: beta 3.23 vs the S&P 500 and 108% yearly volatility (SPY 13%).
All fundamentals
P/E 20.2 · FCF yield -5.2% · ROE 20%
Valuation
- P/E
- 20.2×Technology median 33.0×
- Price / FCF
- n/anegative free cash flow
- FCF yield
- −5.2%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- n/aneeds total revenue: the SEC revenue tag covers only part of this company's revenue (it is under 1.5x net income)
- Price / book
- 2.10×
- Market cap
- $3.3Blisted
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- n/athe SEC revenue tag covers only part of this company's revenue (it is under 1.5x net income)
- Sales growth, 12 months
- n/aneeds total revenue: the SEC revenue tag covers only part of this company's revenue (it is under 1.5x net income)
- Sales growth, 3 yrs
- n/aneeds total revenue: the SEC revenue tag covers only part of this company's revenue (it is under 1.5x net income)
- Diluted EPS, 12 months
- −$0.03
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- $163M
- Net income growth
- n/anot reported in its SEC filings
Profitability
- Gross margin
- 43.7%
- Operating margin
- −140.4%
- Net margin
- n/aneeds total revenue: the SEC revenue tag covers only part of this company's revenue (it is under 1.5x net income)
- FCF margin
- −98.7%
- Return on equity
- 20%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $1.4B
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- -96.8×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- −$172M
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- $101M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Ondas’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $-0.2B · Sales +1235%
- Free cash flow, 12 months−$0.2B
- Free-cash-flow yield-5.2%
- Gross margin44%
- Operating margin−166%
- Return on invested capital−60%
- Return on equity19%
- Sales growth (latest quarter vs year-ago quarter)+1235%
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $5.75
- 52-wk lowlowest close, 1 year$5.25−8.7%
- PriceMon Nov 2 close$5.75you are here
- Market Valueavg paid since Sep 14$6.97+21.2%
- 52-wk highhighest close, 1 year$14.01+143.7%
Momentum & 52-week range
RSI 35 · 5 days −6.7%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 12
- DateThu Nov 12, before the open
- Consensus EPS($0.13)
- Year-ago EPS($0.06)
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
ONDS is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Ondas in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Communications equipment
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.