Odysight.ai (NASDAQ:ODYS) Director Purchases $100,000.00 in Stock

Key Points

• Director Zeev Vurembrand bought $100,000 worth of Odysight.ai stock, acquiring 31,250 shares at $3.20 each and increasing his direct ownership by 208.33% to 46,250 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, with sharply negative profitability metrics.
• Analyst sentiment is generally positive, with three Buy ratings and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $8.57.

Odysight.ai Inc. (NASDAQ:ODYS - Get Free Report) Director Zeev Vurembrand purchased 31,250 shares of the stock in a transaction on Thursday, August 20th. The shares were acquired at an average cost of $3.20 per share, with a total value of $100,000.00. Following the transaction, the director directly owned 46,250 shares in the company, valued at $148,000. The trade was a 208.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Odysight.ai Price Performance

NASDAQ:ODYS traded up $0.28 during trading hours on Monday, hitting $3.68. The company had a trading volume of 23,720 shares, compared to its average volume of 289,915. The stock has a 50-day moving average price of $4.26 and a 200 day moving average price of $5.01. The company has a market capitalization of $61.85 million, a PE ratio of -3.32 and a beta of -0.52. Odysight.ai Inc. has a 52 week low of $2.60 and a 52 week high of $11.30.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Morgan Stanley raised shares of Odysight.ai to an "overweight" rating in a report on Wednesday, June 24th. Benchmark reissued a "buy" rating on shares of Odysight.ai in a research report on Monday, August 17th. Chardan Capital began coverage on Odysight.ai in a report on Monday, August 17th. They issued a "buy" rating and a $7.15 target price on the stock. Finally, Weiss Ratings downgraded Odysight.ai from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $8.57.

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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