Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price7.48 USD
Fair value14.96
RatingAVOID
Our investment reviews on this name
2026-09-08Read Markdown8.24-9.2% to today ✓
2026-08-07Read Markup8.74-14.4% to today
2026-07-02Read Distribution10.43-28.3% to today ✓
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Ondas Inc. holds its Markdown at $7.48. The statistical read favours the sellers, held for 7 days.
As held on the ledger · 2026-09-29
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 7 days
Price at the screen
$7.48
Valuation
N/A trailing · -374.00 forward price to earnings
Values screen
PASS
Beta
2.74
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
0.48%
Below 33%
Interest-bearing debt is just 0.5% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
10.88%
Below 33%
Cash held in interest-bearing accounts and securities is 10.9% of assets, under the one-third limit.
Pass
Receivables
0.00%
Below 49%
Money owed to the company is 0.0% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Ondas clears all five screens. Its business is in a permissible area, its debt is near-nil, and almost none of its income is interest, so it passes.
Read as at 2026-10-04. It updates when the underlying figures move, and past reads are kept below.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads AVOID: it trades at roughly a 100% discount to our $14.96 fair value, 1,235.40% revenue growth.
Fair value range in USD, drawn from the 2026-09-29 screen. The gold marker is the market price at the same screen. A 100.0% margin of safety to the base estimate.
Third-party analyst targets: 9 covering, consensus Strong Buy. The average target sits +154% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-29 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Explosive Growth Numbers That Fail to Add Up
A business posting over 1000% revenue growth and a 43% return on equity looks like it has cracked the code for scaling fast in wireless tech. Yet the forward earnings multiple sits at negative 217 times, which signals expected losses ahead rather than the profits the headline margins suggest. We pass because those figures clash too sharply with any durable path to cash generation.
The market's strong buy chorus and $19 median target add to the noise, but our screen flags the mismatch between current reported profits and what is priced into the next year. High margins at 252% may reflect one-off items that will not repeat, leaving the valuation exposed once growth normalises.
Risk sits in execution and cash burn that could widen if contracts slip or competition intensifies. The ethical screen clears, yet the numbers still do not justify stepping in. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ONDS trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-02Markdown$7.48-9.2%Entry 6
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 9.2% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 11% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 520%. Our forward projection puts the odds of a 10% gain over the next month near 46%. The street (8 analysts) rates it strong buy, with a mean price target of $20.
2026-09-08Markdown · changed$8.24-5.7%Entry 5
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 5.7% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 11% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 520%. Our forward projection puts the odds of a 10% gain over the next month near 46%. The street (8 analysts) rates it strong buy, with a mean price target of $20.
2026-08-07Markup · changed$8.74-16.2%Entry 4
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 16.2% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 11% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 520%. Our forward projection puts the odds of a 10% gain over the next month near 46%. The street (8 analysts) rates it strong buy, with a mean price target of $20.
2026-07-18Distribution$10.43+0.0%Entry 3
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 11% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 520%. Our forward projection puts the odds of a 10% gain over the next month near 46%. The street (8 analysts) rates it strong buy, with a mean price target of $20.
2026-07-03Distribution$10.43+0.0%Entry 2
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Distribution$10.43Entry 1
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
