Ondas (ONDS) Loses 9.8% on Profit-Taking

We recently published 10 Stocks Crashing Hard Despite Highly Optimistic Market. Ondas Holdings Inc. (NASDAQ:ONDS) is one of the worst-performing stocks on Tuesday.

Ondas Holdings retreated on Tuesday, losing 9.83 percent to close at $6.79 apiece as investors resorted to profit-taking following a three-day straight gain.

In recent news, Ondas Holdings Inc. (NASDAQ:ONDS) announced its acquisition of a majority stake in 4M Defense Ltd., a leading Israeli smart demining company specializing in advanced demining capabilities, including robotic systems with terrestrial and subsurface AI-powered intelligence technologies.

In line with the acquisition, Ondas Holdings Inc. (NASDAQ:ONDS) said it would provide 4M Defense with access to additional capital, operational scale, and global distribution.

It would also retain the founding leaders of the company to ensure continuity and accelerate integration with its autonomous drone and AI platforms.

“We understand the urgent need for integrated, scalable technologies to address the growing threats posed by landmines and subsurface hazards in many combat-stricken areas around the world, including Israel and Ukraine. With this acquisition, we believe we are positioned to accelerate go-to-market execution, deliver greater operational impact for our customers, and scale rapidly in a mission that truly matters,” the company said.

While we acknowledge the potential of ONDS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.