Ondas Holdings’ (NASDAQ: ONDS) stock price correction was merited; however, the selling is likely to be over, and a robust rebound lies ahead. The correction was warranted because this early-stage growth company has yet to prove itself fully, its stock price had advanced 1000%, and there are execution risks. However, the outlook is robust because the autonomous-drone-in-a-box market approach and DoD-compliant platform are in demand from defense and commercial vectors, driving outperformance and strengthening the outlook. As it stands, this small-cap drone company is on track to grow at a hyper pace over the next three to five years, and the estimates are likely to be conservative.
Not only does the business provide industry-leading drone technology, but it also offers the package across two platforms. The Optimus is designed for fully-automated monitoring and data capture applications, while the Iron Drone Raider is a drone-on-drone platform for defense and counter-drone operations. Among the drivers for growth are the platform's ease of use, deployment, and scalability.
