Odysight.ai (NASDAQ:ODYS) Issues Earnings Results

Odysight.ai (NASDAQ:ODYS) released its earnings results on Thursday. The company reported ($0.26) EPS for the quarter, FiscalAI reports. Odysight.ai had a negative return on equity of 72.12% and a negative net margin of 1,669.72%.The company had revenue of $0.42 million during the quarter.

Odysight.ai Stock Down 2.2%

Shares of NASDAQ ODYS traded down $0.09 during trading on Friday, reaching $3.98. 17,705 shares of the company traded hands, compared to its average volume of 21,157. The firm has a 50 day simple moving average of $4.26 and a 200-day simple moving average of $5.08. Odysight.ai has a 52-week low of $2.60 and a 52-week high of $11.30. The stock has a market capitalization of $66.89 million, a PE ratio of -3.59 and a beta of -0.52.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ODYS. Weiss Ratings cut shares of Odysight.ai from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 24th. Benchmark reiterated a “buy” rating on shares of Odysight.ai in a research note on Wednesday, June 24th. Finally, Morgan Stanley upgraded shares of Odysight.ai to an “overweight” rating in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.00.

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.