Odysight.ai's (ODYS) Sell (E) Rating Reaffirmed at Weiss Ratings

Key Points

• Odysight.ai's stock has been reaffirmed with a "sell (e)" rating by Weiss Ratings, indicating ongoing negative sentiment from analysts.
• The company reported a negative earnings per share of ($0.25) for the last quarter, along with a revenue of only $0.36 million.
• Insider activity shows Y.D. More Investments Ltd selling shares, reducing its position by 2.00%, while institutional investors are partially increasing stakes in the company.

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

Odysight.ai Trading Down 2.0%

ODYS stock opened at $3.50 on Friday. The firm has a market capitalization of $57.23 million, a PE ratio of -3.30 and a beta of 0.40. Odysight.ai has a 1-year low of $3.31 and a 1-year high of $10.80. The business's 50 day simple moving average is $3.97 and its 200 day simple moving average is $4.68.

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

Insider Buying and Selling at Odysight.ai

In related news, major shareholder Y.D. More Investments Ltd sold 14,312 shares of the business's stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $3.55, for a total transaction of $50,807.60. Following the transaction, the insider directly owned 700,828 shares of the company's stock, valued at approximately $2,487,939.40. The trade was a 2.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 25,662 shares of company stock worth $91,639. 46.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Odysight.ai during the 1st quarter worth approximately $82,000. Hohimer Wealth Management LLC bought a new stake in Odysight.ai in the 1st quarter valued at $168,000. Y.D. More Investments Ltd boosted its stake in Odysight.ai by 5.6% in the 2nd quarter. Y.D. More Investments Ltd now owns 1,792,353 shares of the company's stock valued at $9,285,000 after purchasing an additional 94,530 shares during the period. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in Odysight.ai in the 1st quarter valued at $1,375,000. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new stake in Odysight.ai in the 1st quarter valued at $4,383,000. 19.67% of the stock is owned by institutional investors and hedge funds.

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.

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