Odysight.ai (NASDAQ:ODYS) Stock Price Down 0.5% - Should You Sell?

Key Points

• Odysight.ai Inc. shares traded down 0.5% to $3.79, with a notable trading volume increase of 21% compared to the average session.
• The company reported a negative earnings per share of ($0.25) for the quarter and has a troubling net margin of -293.91%.
• Approximately 19.67% of the stock is owned by institutional investors, with significant stakes acquired recently by firms like Phoenix Financial Ltd. and Y.D. More Investments Ltd.

Odysight.ai Inc. (NASDAQ:ODYS - Get Free Report) was down 0.5% during trading on Thursday . The company traded as low as $3.69 and last traded at $3.79. Approximately 5,394 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 4,460 shares. The stock had previously closed at $3.81.

Odysight.ai Price Performance

The company has a market cap of $64.99 million, a PE ratio of -3.75 and a beta of 0.35. The company's 50 day simple moving average is $4.30 and its two-hundred day simple moving average is $5.21.

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

Institutional Trading of Odysight.ai

Several hedge funds have recently added to or reduced their stakes in the company. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new position in Odysight.ai during the 1st quarter worth approximately $4,383,000. Phoenix Financial Ltd. acquired a new stake in shares of Odysight.ai in the 1st quarter valued at $15,263,000. Y.D. More Investments Ltd purchased a new stake in shares of Odysight.ai during the 1st quarter worth $11,870,000. Hohimer Wealth Management LLC purchased a new stake in shares of Odysight.ai during the 1st quarter worth $168,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Odysight.ai during the first quarter worth $82,000. Institutional investors and hedge funds 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.