Y.D. More Investments Ltd Makes New Investment in Odysight.ai Inc. (NASDAQ:ODYS)

Key Points

• Y.D. More Investments Ltd has acquired a new position in Odysight.ai, purchasing 1,697,823 shares valued at approximately $11.87 million, making it the firm's 22nd largest holding.
• Several institutional investors have also bought positions in Odysight.ai, with total institutional ownership now at 19.67% of the company.
• Odysight.ai reported a negative earnings per share of ($0.29) for the last quarter, with a negative net margin of 220.30% and revenue of $2.07 million.

Y.D. More Investments Ltd acquired a new position in shares of Odysight.ai Inc. (NASDAQ:ODYS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,697,823 shares of the company's stock, valued at approximately $11,870,000. Odysight.ai makes up about 1.0% of Y.D. More Investments Ltd's investment portfolio, making the stock its 22nd biggest holding. Y.D. More Investments Ltd owned approximately 10.41% of Odysight.ai as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in Odysight.ai in the first quarter worth $82,000. Hohimer Wealth Management LLC acquired a new position in shares of Odysight.ai in the 1st quarter valued at $168,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new position in shares of Odysight.ai during the 1st quarter worth about $1,375,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new position in shares of Odysight.ai during the 1st quarter worth about $4,383,000. Finally, Phoenix Financial Ltd. acquired a new stake in shares of Odysight.ai during the 1st quarter valued at about $15,263,000. 19.67% of the stock is currently owned by institutional investors.

Insider Activity at Odysight.ai

In other Odysight.ai news, major shareholder Y.D. More Investments Ltd sold 8,600 shares of the company's stock in a transaction 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 directly owned 715,140 shares in the company, valued at $3,783,090.60. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 10,550 shares of company stock worth $55,231.

Odysight.ai Stock Performance

NASDAQ ODYS opened at $4.30 on Thursday. Odysight.ai Inc. has a twelve month low of $3.92 and a twelve month high of $10.80. The company has a market capitalization of $70.16 million, a PE ratio of -4.22 and a beta of 0.36. The company has a 50-day simple moving average of $4.90.

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 company had revenue of $2.07 million for the quarter.

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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