Odysight.ai (NASDAQ:ODYS) Issues Earnings Results

Odysight.ai (NASDAQ:ODYS) announced its quarterly earnings results on Thursday. The company reported ($0.26) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.44 million during the quarter. Odysight.ai had a negative net margin of 565.01% and a negative return on equity of 52.42%.

Odysight.ai Trading Up 10.6%

Shares of ODYS stock opened at $7.07 on Friday. The company has a market capitalization of $115.64 million, a price-to-earnings ratio of -6.61 and a beta of 0.44. The firm has a 50-day moving average price of $5.42 and a 200 day moving average price of $4.23. Odysight.ai has a twelve month low of $2.60 and a twelve month high of $7.07.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, major shareholder Y.D. More Investments Ltd sold 323,443 shares of Odysight.ai stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $3.33, for a total transaction of $1,077,065.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 336,423 shares of company stock worth $1,119,893. 46.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd bought a new position in Odysight.ai Inc. (NASDAQ:ODYS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai accounts for approximately 0.1% of Noked Israel Ltd’s holdings, making the stock its 11th biggest position. Noked Israel Ltd owned about 1.23% of Odysight.ai as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 19.67% of the company’s stock.

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.