Insider Selling: Odysight.ai (NASDAQ:ODYS) Major Shareholder Sells 8,980 Shares of Stock

Odysight.ai Inc. (NASDAQ:ODYS) major shareholder Y.D. More Investments Ltd sold 8,980 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $3.25, for a total value of $29,185.00. Following the completion of the transaction, the insider directly owned 544,582 shares of the company’s stock, valued at approximately $1,769,891.50. This represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Y.D. More Investments Ltd also recently made the following trade(s):

• On Tuesday, December 23rd, Y.D. More Investments Ltd sold 3,350 shares of Odysight.ai stock. The stock was sold at an average price of $3.44, for a total transaction of $11,524.00.
• On Monday, December 15th, Y.D. More Investments Ltd sold 1,000 shares of Odysight.ai stock. The shares were sold at an average price of $3.05, for a total transaction of $3,050.00.
• On Thursday, December 11th, Y.D. More Investments Ltd sold 300,500 shares of Odysight.ai stock. The shares were sold at an average price of $3.40, for a total value of $1,021,700.00.
• On Wednesday, December 3rd, Y.D. More Investments Ltd sold 1,140 shares of Odysight.ai stock. The shares were sold at an average price of $3.34, for a total value of $3,807.60.
• On Monday, December 1st, Y.D. More Investments Ltd sold 5,000 shares of Odysight.ai stock. The stock was sold at an average price of $3.45, for a total value of $17,250.00.
• On Monday, November 10th, Y.D. More Investments Ltd sold 77,385 shares of Odysight.ai stock. The stock was sold at an average price of $3.35, for a total transaction of $259,239.75.
• On Wednesday, November 5th, Y.D. More Investments Ltd sold 3,550 shares of Odysight.ai stock. The stock was sold at an average price of $2.81, for a total value of $9,975.50.
• On Wednesday, October 22nd, Y.D. More Investments Ltd sold 2,800 shares of Odysight.ai stock. The stock was sold at an average price of $3.38, for a total transaction of $9,464.00.
• On Monday, October 20th, Y.D. More Investments Ltd sold 14,312 shares of Odysight.ai stock. The stock was sold at an average price of $3.55, for a total transaction of $50,807.60.
• On Thursday, October 16th, Y.D. More Investments Ltd sold 6,000 shares of Odysight.ai stock. The stock was sold at an average price of $3.53, for a total value of $21,180.00.

Odysight.ai Price Performance

Shares of NASDAQ ODYS opened at $3.22 on Wednesday. The stock has a market capitalization of $52.66 million, a P/E ratio of -2.93 and a beta of 0.33. Odysight.ai Inc. has a one year low of $2.60 and a one year high of $10.80. The firm’s 50 day simple moving average is $3.29 and its two-hundred day simple moving average is $3.98.

Odysight.ai (NASDAQ:ODYS) last released its earnings results on Thursday, November 13th. The company reported ($0.27) earnings per share for the quarter. The company had revenue of $0.15 million during the quarter. Odysight.ai had a negative net margin of 420.41% and a negative return on equity of 56.38%.

Institutional Investors Weigh In On Odysight.ai

An institutional investor recently bought a new position in Odysight.ai stock. Noked Israel Ltd bought a new position in Odysight.ai Inc. (NASDAQ:ODYS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai comprises 0.1% of Noked Israel Ltd’s portfolio, making the stock its 11th biggest position. Noked Israel Ltd owned 1.23% of Odysight.ai at the end of the most recent reporting period. 19.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Odysight.ai in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Odysight.ai currently has an average rating of “Hold” and an average price target of $10.00.

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.