Phoenix Financial Ltd. bought a new position in shares of Odysight.ai Inc. (NASDAQ:ODYS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,157,689 shares of the company's stock, valued at approximately $15,263,000. Phoenix Financial Ltd. owned approximately 13.23% of Odysight.ai as of its most recent filing with the SEC.
Separately, Hohimer Wealth Management LLC acquired a new stake in Odysight.ai in the first quarter valued at about $168,000. Institutional investors own 19.67% of the company's stock.
Insider Activity at Odysight.ai
In other news, major shareholder Y.D. More Investments Ltd sold 8,600 shares of Odysight.ai stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $5.29, for a total transaction of $45,494.00. Following the sale, the insider directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 10,550 shares of company stock worth $55,231 over the last quarter.
Odysight.ai Price Performance
NASDAQ:ODYS traded down $0.02 during trading hours on Tuesday, hitting $4.60. The company's stock had a trading volume of 6,957 shares, compared to its average volume of 10,384. The stock has a fifty day simple moving average of $5.02. The stock has a market capitalization of $75.07 million, a P/E ratio of -4.51 and a beta of 0.38. Odysight.ai Inc. has a twelve month low of $4.00 and a twelve month high of $10.80.
Odysight.ai (NASDAQ:ODYS - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.29) EPS for the quarter. Odysight.ai had a negative net margin of 220.30% and a negative return on equity of 58.27%. The firm had revenue of $2.07 million during the quarter.
Wall Street Analysts Forecast Growth
Separately, Benchmark initiated coverage on Odysight.ai in a research note on Wednesday, April 2nd. They issued a "buy" rating and a $10.00 price objective on the stock.
Read Our Latest Analysis on Odysight.ai
Odysight.ai Company Profile
(
Free Report)
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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