Odysight.ai (NASDAQ:ODYS) Announces Quarterly Earnings Results

Odysight.ai (NASDAQ:ODYS) issued its earnings results on Thursday. The company reported ($0.32) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.08 million during the quarter. Odysight.ai had a negative return on equity of 61.80% and a negative net margin of 1,739.44%.

Odysight.ai Stock Performance

Shares of ODYS traded up $0.04 during midday trading on Friday, hitting $4.56. 141,978 shares of the company traded hands, compared to its average volume of 2,069,702. The firm has a 50 day moving average of $5.79 and a 200-day moving average of $4.69. Odysight.ai has a 52 week low of $2.60 and a 52 week high of $11.30. The stock has a market cap of $74.60 million, a price-to-earnings ratio of -4.15 and a beta of -0.52.

Wall Street Analyst Weigh In

Separately, Benchmark assumed coverage on shares of Odysight.ai in a report on Monday, March 23rd. They issued a “moderate buy” rating and a $10.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Odysight.ai has an average rating of “Hold” and an average target price of $10.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Odysight.ai stock. Noked Israel Ltd acquired a new stake in shares of Odysight.ai Inc. (NASDAQ:ODYS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai comprises about 0.1% of Noked Israel Ltd’s investment portfolio, making the stock its 11th largest position. Noked Israel Ltd owned 1.23% of Odysight.ai as of its most recent filing with the SEC. Institutional investors and hedge funds own 19.67% of the company’s stock.

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.