Odysight.ai (NASDAQ:ODYS) Raised to "Strong-Buy" at Chardan Capital

Key Points

• Chardan Capital upgraded Odysight.ai to “strong buy,” while the broader analyst consensus remains “Moderate Buy” with an $8.57 price target.
• Odysight.ai shares rose 8% to open at $3.80, though the company reported a quarterly loss of $0.26 per share, $0.42 million in revenue, and sharply negative profitability metrics.
• Two directors purchased a combined $250,000 of stock at $3.20 per share, and insiders collectively own 46.9% of the company.

Odysight.ai (NASDAQ:ODYS - Get Free Report) was upgraded by Chardan Capital to a "strong-buy" rating in a report released on Wednesday,Zacks.com reports.

A number of other equities analysts have also weighed in on ODYS. Morgan Stanley upgraded shares of Odysight.ai to an "overweight" rating in a research report on Wednesday, June 24th. Benchmark restated a "buy" rating on shares of Odysight.ai in a research report on Monday, August 17th. Finally, Weiss Ratings cut shares of Odysight.ai from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $8.57.

Odysight.ai Stock Up 8.0%

ODYS opened at $3.80 on Wednesday. Odysight.ai has a 52 week low of $2.60 and a 52 week high of $11.30. The business has a 50 day moving average price of $4.24 and a two-hundred day moving average price of $4.93. The company has a market cap of $76.91 million, a PE ratio of -3.42 and a beta of -0.52.

Odysight.ai (NASDAQ:ODYS - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter. The company had revenue of $0.42 million during the quarter. Odysight.ai had a negative net margin of 1,669.72% and a negative return on equity of 78.20%.

Insider Buying and Selling at Odysight.ai

In other Odysight.ai news, Director Zeev Vurembrand bought 31,250 shares of Odysight.ai stock in a transaction on Thursday, August 20th. The stock was bought at an average price of $3.20 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director owned 46,250 shares in the company, valued at $148,000. The trade was a 208.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Benad Goldwasser bought 46,875 shares of the firm's stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $3.20 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director directly owned 121,875 shares in the company, valued at approximately $390,000. This represents a 62.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 46.90% of the company's stock.

Odysight.ai Company Profile

Odysight.ai, Inc engages in the development and manufacture of customized visual solutions for organizations across a variety of industries in the form of micro cameras and supplementary technologies. Its devices can used across the medical, aerospace, industrial, research, and defense industries. The company was founded on March 22, 2013 and is headquartered in Omer, Israel.

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