Odysight.ai Inc.'s (NASDAQ:ODYS) Lock-Up Period To Expire on August 11th

Key Points

• Odysight.ai's (NASDAQ:ODYS) lock-up period will expire on August 11th, allowing major shareholders and insiders to sell their shares following an IPO where 3,307,692 shares were issued.
• Odysight.ai reported a quarterly EPS of ($0.29) with revenues of $2.07 million, reflecting a negative net margin of 220.30%.
• Institutional investors and hedge funds have recently increased their stakes in Odysight.ai, now owning 19.67% of the company's stock.

Odysight.ai's (NASDAQ:ODYS - Get Free Report) lock-up period is set to end on Monday, August 11th. Odysight.ai had issued 3,307,692 shares in its IPO on February 11th. The total size of the offering was $21,499,998 based on an initial share price of $6.50. After the end of Odysight.ai's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Odysight.ai Price Performance

Odysight.ai stock opened at $4.46 on Monday. Odysight.ai has a 52 week low of $4.00 and a 52 week high of $10.80. The firm has a market cap of $72.77 million, a PE ratio of -4.37 and a beta of 0.36. The stock's fifty day simple moving average is $4.97.

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

Insider Activity at Odysight.ai

In other news, major shareholder Y.D. More Investments Ltd sold 8,600 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $5.29, for a total transaction of $45,494.00. Following the completion of the transaction, the insider owned 715,140 shares of the company's stock, valued at approximately $3,783,090.60. The trade was a 1.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 10,550 shares of company stock worth $55,231.

Hedge Funds Weigh In On Odysight.ai

A number of institutional investors have recently modified their holdings of the business. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new position in Odysight.ai in the 1st quarter worth about $4,383,000. Phoenix Financial Ltd. acquired a new position in Odysight.ai in the 1st quarter worth about $15,263,000. Hohimer Wealth Management LLC acquired a new position in Odysight.ai in the 1st quarter worth about $168,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Odysight.ai in the 1st quarter worth about $82,000. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new position in Odysight.ai in the 1st quarter worth about $1,375,000. Institutional investors and hedge funds own 19.67% of the company's stock.

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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