Ondas: The Growth Vector Is Too Sweet To Look Past
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The Alpha Sieve4.95K FollowersFollow5ShareSavePlay(15min)CommentsSummaryOndas Inc., which is on course to become a multi-domain autonomous platform company, has seen its market cap explode over the past year from less than a dollar to over $9.ONDS, which is set to report Q1 results on the 14th of May, is staring at exceptional revenue growth within the triple-digit percentage terrain, although operating losses could widen.Despite a premium valuation (11.6x forward P/S), ONDS’s expected top line growth of over 260% over the next two years far outpaces peers, justifying its multiple and supporting continued upside.The stock, which looked overextended to the upside in January, has seen some useful correction and is now available at a more attractive entry point.Risks include high customer concentration, persistent operating losses, which will likely widen, and significant short-selling appetite. koto_feja/iStock via Getty Images Basking in the Limelight Ondas Inc. (ONDS) is a mid-cap (market cap of $4.4B) technology company that caters to the defense, security, and industrial markets. This company’s main area of expertise is in the development and commercialization of autonomous andThis article was written byThe Alpha Sieve4.95K FollowersFollowInvestment research, primarily oriented towards uncelebrated/under-covered stocks and ETFs, across North America, Latin America, Europe and Asia. Seeks to combine both fundamental and technical disciplines while making an investment/trading proposition.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.