Odysight.ai (NASDAQ:ODYS) Major Shareholder Y.D. More Investments Ltd Sells 14,312 Shares

Key Points

• Y.D. More Investments Ltd sold 14,312 shares of Odysight.ai at an average price of $3.55, totaling approximately $50,807.60, leading to a 2.00% decrease in their position.
• Odysight.ai's shares experienced a minor increase, trading at $3.46, with a 1-year low of $3.31 and a high of $10.80, alongside a market capitalization of $56.59 million.
• Institutional investors own 19.67% of Odysight.ai, with several firms, such as Harel Insurance and Kranot Hishtalmut, establishing new stakes in the company recently.

Odysight.ai Inc. (NASDAQ:ODYS - Get Free Report) major shareholder Y.D. More Investments Ltd sold 14,312 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $3.55, for a total value of $50,807.60. Following the transaction, the insider directly owned 700,828 shares in the company, valued at approximately $2,487,939.40. This represents a 2.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Y.D. More Investments Ltd also recently made the following trade(s):

• On Thursday, October 16th, Y.D. More Investments Ltd sold 6,000 shares of Odysight.ai stock. The shares were sold at an average price of $3.53, for a total value of $21,180.00.
• On Wednesday, October 15th, Y.D. More Investments Ltd sold 900 shares of Odysight.ai stock. The shares were sold at an average price of $3.44, for a total value of $3,096.00.
• On Thursday, October 9th, Y.D. More Investments Ltd sold 1,000 shares of Odysight.ai stock. The shares were sold at an average price of $4.29, for a total value of $4,290.00.
• On Wednesday, October 8th, Y.D. More Investments Ltd sold 650 shares of Odysight.ai stock. The shares were sold at an average price of $4.31, for a total value of $2,801.50.

Odysight.ai Stock Performance

Shares of NASDAQ:ODYS traded up $0.01 during trading on Wednesday, hitting $3.46. 32,557 shares of the stock were exchanged, compared to its average volume of 17,936. Odysight.ai Inc. has a 1-year low of $3.31 and a 1-year high of $10.80. The company has a market capitalization of $56.59 million, a price-to-earnings ratio of -3.26 and a beta of 0.40. The company's fifty day simple moving average is $3.99 and its 200-day simple moving average is $4.73.

Odysight.ai (NASDAQ:ODYS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.25) earnings per share for the quarter. Odysight.ai had a negative return on equity of 54.92% and a negative net margin of 293.91%.The firm had revenue of $0.36 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (e)" rating on shares of Odysight.ai in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.00.

Institutional Investors Weigh In On Odysight.ai

Institutional investors and hedge funds have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Odysight.ai during the first quarter worth $82,000. Hohimer Wealth Management LLC bought a new stake in shares of Odysight.ai during the first quarter worth $168,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in shares of Odysight.ai during the first quarter worth $1,375,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new stake in shares of Odysight.ai during the first quarter worth $4,383,000. Finally, Y.D. More Investments Ltd bought a new stake in shares of Odysight.ai during the first quarter worth $11,870,000. Institutional investors 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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