Ondas (ONDS) Turns Wild Despite Any News: What to Do Now?

Software-based wireless broadband tech company Ondas Holdings Inc (NASDAQ: ONDS) seemed to be on focus yesterday among investors and not in a good way.

Despite there being no news about the company, the Ondas stock tanked by as low as 11% and it is the sort of situation in which it might be worthwhile for investors to take a look at past events. In this regard, it might be a good idea to take a look at the company’s financial results for the full year 2020.

Related:  Drone Delivery Canada (TAKOF) Doubles in a Month: What to do Now?

Back in March, the company announced its financial results for the year ended on December 31, 2020. The company managed to grow its revenues by as cosmic as 575% year on year. The remarkable jump in revenues was due to the strategic partnership that the company had inked with Siemens. The partnership is focused on the North American Railway Market. At this point, it might be a good move for investors to keep an eye on the stock and any possible developments.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life