Jim Cramer on Ondas: “I Can’t Get Behind a Meme Stock”

Oh my god…. this is simply a meme stock. It's conscionable a meme stock; it's astir the autonomous strategy meme, and I can't get down a meme stock. This market's excessively horrible. I mean, a meme banal could rip your lungs out. I'm not going to fto that hap to me.

Photo by Adam Nowakowski connected Unsplash

Ondas Inc. (NASDAQ:ONDS) delivers backstage wireless networks, autonomous drones, and information systems done its Ondas Networks and Ondas Autonomous Systems units. The institution provides tools specified arsenic counter-drone platforms, autonomous information drones, robotic systems, and loitering munitions, alongside its FullMAX software-defined vigor technology. It besides offers maintenance, licensing, and enactment services. A caller asked astir the banal during the April 28 episode, and Cramer replied:

Well, Ondas is simply a me-too company. It's a institution that is losing a batch of money, that does intelligent oregon autonomous systems similar each different company. I'd alternatively person to find thing caller and antithetic that is distinct, and I don't spot thing chiseled astir Ondas.

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