Benad Goldwasser Purchases 46,875 Shares of Odysight.ai (NASDAQ:ODYS) Stock

Key Points

• Director Benad Goldwasser bought 46,875 Odysight.ai shares at $3.20 each, investing $150,000 and increasing their position by 62.5% to 121,875 shares.
• Odysight.ai shares recently traded at $3.68, well below their 52-week high of $11.30. The company reported a quarterly loss of $0.26 per share on $0.42 million in revenue, alongside deeply negative profitability metrics.
• Analyst sentiment is mostly positive: three analysts rate the stock a Buy and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $8.57.

Odysight.ai Inc. (NASDAQ:ODYS - Get Free Report) Director Benad Goldwasser acquired 46,875 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was 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 owned 121,875 shares of the company's stock, valued at $390,000. The trade was a 62.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Odysight.ai Stock Performance

ODYS traded up $0.28 on Monday, reaching $3.68. The company had a trading volume of 23,523 shares, compared to its average volume of 289,915. Odysight.ai Inc. has a 52-week low of $2.60 and a 52-week high of $11.30. The company has a market cap of $61.85 million, a price-to-earnings ratio of -3.32 and a beta of -0.52. The business has a 50 day simple moving average of $4.26 and a 200 day simple moving average of $5.01.

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

Analyst Ratings Changes

ODYS has been the subject of several research analyst reports. Benchmark reaffirmed a "buy" rating on shares of Odysight.ai in a research note on Monday, August 17th. Morgan Stanley raised Odysight.ai to an "overweight" rating in a report on Wednesday, June 24th. Chardan Capital assumed coverage on Odysight.ai in a research note on Monday, August 17th. They issued a "buy" rating and a $7.15 target price for the company. Finally, Weiss Ratings cut shares of Odysight.ai from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, July 24th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.57.

About Odysight.ai

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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