Odysight.Ai (NASDAQ:ODYS) Stock Price Down 1.7% - Time to Sell?

Odysight.Ai Inc. (NASDAQ:ODYS - Get Free Report) shares traded down 1.7% during mid-day trading on Wednesday . The stock traded as low as $5.11 and last traded at $5.25. 3,615 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 23,106 shares. The stock had previously closed at $5.34.

Analysts Set New Price Targets

Separately, Benchmark assumed coverage on Odysight.Ai in a research note on Wednesday, April 2nd. They issued a "buy" rating and a $10.00 price objective for the company.

Odysight.Ai Trading Up 2.2%

The stock has a market capitalization of $83.86 million, a P/E ratio of -5.98 and a beta of 0.46. The business has a 50-day moving average of $5.39.

Odysight.Ai (NASDAQ:ODYS - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.29) earnings per share (EPS) for the quarter. Odysight.Ai had a negative net margin of 207.38% and a negative return on equity of 56.78%. The company had revenue of $2.07 million during the quarter.

Insider Activity

In related news, major shareholder Y.D. More Investments Ltd sold 8,600 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $5.29, for a total value of $45,494.00. Following the completion of the transaction, the insider now directly owns 715,140 shares in the company, valued at approximately $3,783,090.60. This represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Odysight.Ai

Large investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Odysight.Ai in the first quarter valued at about $82,000. Hohimer Wealth Management LLC acquired a new stake in shares of Odysight.Ai in the first quarter valued at about $168,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new stake in shares of Odysight.Ai in the first quarter valued at about $1,375,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new stake in shares of Odysight.Ai in the first quarter valued at about $4,383,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of Odysight.Ai in the first quarter valued at about $11,870,000. 19.67% of the stock is currently owned by hedge funds and other institutional investors.

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.