Odysight.ai Inc. (NASDAQ:ODYS - Get Free Report) shares fell 1.4% during trading on Thursday . The company traded as low as $4.85 and last traded at $4.85. Approximately 6,038 shares traded hands during trading, a decline of 49% from the average session volume of 11,810 shares. The stock had previously closed at $4.92.
Wall Street Analysts Forecast Growth
Separately, Benchmark began coverage on Odysight.ai in a research report on Wednesday, April 2nd. They set a "buy" rating and a $10.00 target price on the stock.
Check Out Our Latest Analysis on Odysight.ai
Odysight.ai Stock Down 3.1%
The business has a 50-day moving average price of $5.24. The firm has a market cap of $76.70 million, a PE ratio of -4.61 and a beta of 0.38.
Odysight.ai (NASDAQ:ODYS - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.29) earnings per share for the quarter. The business had revenue of $2.07 million for the quarter. Odysight.ai had a negative return on equity of 58.27% and a negative net margin of 220.30%.
Insider Activity at Odysight.ai
In related news, major shareholder Y.D. More Investments Ltd sold 8,600 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $5.29, for a total transaction of $45,494.00. Following the sale, the insider directly owned 715,140 shares in the company, valued at approximately $3,783,090.60. This trade represents a 1.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 12,330 shares of company stock worth $66,283.
Institutional Investors Weigh In On Odysight.ai
Several hedge funds have recently modified their holdings of ODYS. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Odysight.ai during the 1st quarter valued at about $82,000. Hohimer Wealth Management LLC purchased a new stake in shares of Odysight.ai during the 1st quarter valued at about $168,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in shares of Odysight.ai during the 1st quarter valued at about $1,375,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new stake in shares of Odysight.ai during the 1st quarter valued at about $4,383,000. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Odysight.ai during the 1st quarter valued at about $11,870,000. 19.67% of the stock is currently owned by hedge funds and other institutional investors.
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.
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