Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Makes New Investment in Odysight.ai Inc. (NASDAQ:ODYS)

Key Points

• Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD invested $4.38 million in Odysight.ai Inc., acquiring approximately 624,737 shares and making up about 3.83% of the company.
• Odysight.ai reported a quarterly EPS of ($0.29) with revenue of $2.07 million, and has a current market cap of $75.40 million.
• Benchmark initiated coverage on Odysight.ai with a "buy" rating and a price target of $10.00.

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in Odysight.ai Inc. (NASDAQ:ODYS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 624,737 shares of the company's stock, valued at approximately $4,383,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD owned about 3.83% of Odysight.ai as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ODYS. Phoenix Financial Ltd. acquired a new stake in Odysight.ai during the 1st quarter worth about $15,263,000. Hohimer Wealth Management LLC bought a new stake in Odysight.ai during the first quarter worth approximately $168,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Odysight.ai during the first quarter worth approximately $82,000. Institutional investors own 19.67% of the company's stock.

Odysight.ai Trading Down 3.4%

Shares of ODYS stock traded down $0.16 during trading hours on Wednesday, hitting $4.52. 3,394 shares of the company's stock were exchanged, compared to its average volume of 19,774. The company has a 50-day moving average price of $5.01. The firm has a market cap of $73.77 million, a PE ratio of -4.43 and a beta of 0.38. Odysight.ai Inc. has a 52 week low of $4.00 and a 52 week high of $10.80.

Odysight.ai (NASDAQ:ODYS - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.29) earnings per share for the quarter. Odysight.ai had a negative net margin of 220.30% and a negative return on equity of 58.27%. The business had revenue of $2.07 million for the quarter.

Insider Transactions at Odysight.ai

In related news, major shareholder Y.D. More Investments Ltd sold 8,600 shares of Odysight.ai stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $5.29, for a total value of $45,494.00. Following the sale, the insider owned 715,140 shares of the company's stock, valued at approximately $3,783,090.60. This trade represents a 1.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 10,550 shares of company stock valued at $55,231.

Wall Street Analysts Forecast Growth

Separately, Benchmark started coverage on Odysight.ai in a research note on Wednesday, April 2nd. They issued a "buy" rating and a $10.00 target price for the company.

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.