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Odysight.ai (NASDAQ:ODYS) Receives "Sell (E)" Rating from Weiss Ratings

Odysight.ai logo with Business Services background

Key Points

  • Odysight.ai's stock has been given a "sell (e)" rating by Weiss Ratings as analysts express concerns about the company's performance.
  • The company's latest earnings report revealed a negative EPS of ($0.25) with a revenue of only $0.36 million and a negative net margin of 293.91%.
  • Institutional investors have recently shown interest, with several firms acquiring substantial stakes, increasing their combined ownership to 19.67% of the company.
  • MarketBeat previews top five stocks to own in November.

Odysight.ai (NASDAQ:ODYS - Get Free Report)'s stock had its "sell (e)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Odysight.ai Price Performance

NASDAQ ODYS opened at $4.35 on Wednesday. Odysight.ai has a fifty-two week low of $3.63 and a fifty-two week high of $10.80. The stock has a market cap of $71.04 million, a price-to-earnings ratio of -4.10 and a beta of 0.40. The business has a fifty day moving average of $4.09 and a 200-day moving average of $4.91.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new position in Odysight.ai in the first quarter valued at about $4,383,000. Phoenix Financial Ltd. acquired a new stake in Odysight.ai during the first quarter valued at approximately $15,263,000. Y.D. More Investments Ltd acquired a new stake in Odysight.ai during the first quarter valued at approximately $11,870,000. Hohimer Wealth Management LLC acquired a new stake in Odysight.ai during the first quarter valued at approximately $168,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Odysight.ai during the first quarter valued at approximately $82,000. Hedge funds and other institutional investors own 19.67% of the company's stock.

About Odysight.ai

(Get Free Report)

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.

Further Reading

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