Does Ondas (ONDS) Look Too Expensive On Earnings Today?

Ondas has been on a wild multi year ride, and after a very large 3 year gain investors are now asking whether the current share price lines up with what the business is earning. Over the past 3 years, Ondas has delivered a very large share price return, which puts extra focus on whether that kind of move is backed by the company’s earnings power. Recent acquisitions in autonomous defense systems and precision strike technology concentrate more of Ondas’ future on defense contracts, which can...