Odysight.ai (NASDAQ:ODYS) Issues Earnings Results

Key Points

• Odysight.ai reported a quarterly earnings loss of ($0.25) per share, with a negative return on equity of 58.27% and a negative net margin of 220.30%.
• Shares of Odysight.ai traded at $3.86, marking a decline and reaching its 1-year low, while the company has a market capitalization of $63 million.
• In insider trading news, major shareholder Y.D. More Investments Ltd sold 8,600 shares for a total of $45,494, reducing their stake in the company by 1.19%.

Odysight.ai (NASDAQ:ODYS - ) released its quarterly earnings data on Wednesday. The company reported ($0.25) earnings per share for the quarter, Zacks reports. Odysight.ai had a negative return on equity of 58.27% and a negative net margin of 220.30%.

Odysight.ai Price Performance

Shares of ODYS traded down $0.09 during mid-day trading on Wednesday, hitting $3.86. 3,319 shares of the company traded hands, compared to its average volume of 7,260. Odysight.ai has a 1-year low of $3.86 and a 1-year high of $10.80. The company has a market capitalization of $63.00 million, a P/E ratio of -3.78 and a beta of 0.36. The firm's 50 day simple moving average is $4.82.

Insiders Place Their Bets

In related news, major shareholder Y.D. More Investments Ltd sold 8,600 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $5.29, for a total value of $45,494.00. Following the transaction, the insider owned 715,140 shares in the company, valued at approximately $3,783,090.60. This 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 link. In the last 90 days, insiders have sold 10,550 shares of company stock valued at $55,231.

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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