Key Points
- Director Benad Goldwasser purchased 46,875 Odysight.ai shares at $3.20 each, investing $150,000 and increasing his direct ownership by 62.5% to 121,875 shares.
- Odysight.ai shares opened at $3.68, up 8.2%, but remain below their 50-day and 200-day moving averages; the stock has traded between $2.60 and $11.30 over the past year.
- The company reported a quarterly loss of $0.26 per share on $0.42 million in revenue. Analysts hold a “Moderate Buy” consensus, with a $8.57 average price target, although one firm rates the stock Sell.
Odysight.ai Inc. (NASDAQ:ODYS - Get Free Report) Director Zeev Vurembrand bought 31,250 shares of the business's stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $3.20 per share, with a total value of $100,000.00. Following the completion of the purchase, the director directly owned 46,250 shares in the company, valued at approximately $148,000. The trade was a 208.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Odysight.ai Stock Up 8.2%
NASDAQ ODYS opened at $3.68 on Tuesday. Odysight.ai Inc. has a 52 week low of $2.60 and a 52 week high of $11.30. The business's fifty day simple moving average is $4.25 and its 200-day simple moving average is $4.99. The firm has a market cap of $61.86 million, a PE ratio of -3.32 and a beta of -0.52.
Odysight.ai (NASDAQ:ODYS - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter. Odysight.ai had a negative net margin of 1,669.72% and a negative return on equity of 78.20%. The firm had revenue of $0.42 million for the quarter.
Wall Street Analyst Weigh In
Several research firms have weighed in on ODYS. Benchmark reiterated a "buy" rating on shares of Odysight.ai in a report on Monday, August 17th. Morgan Stanley upgraded shares of Odysight.ai to an "overweight" rating in a report on Wednesday, June 24th. Weiss Ratings lowered shares of Odysight.ai from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Friday, July 24th. Finally, Chardan Capital began coverage on Odysight.ai in a report on Monday, August 17th. They issued a "buy" rating and a $7.15 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Odysight.ai currently has an average rating of "Moderate Buy" and a consensus price target of $8.57.
Read Our Latest Research Report on ODYS
Odysight.ai Company Profile
(
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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