Odysight.ai (NASDAQ:ODYS) Director Benad Goldwasser Buys 46,875 Shares of Stock

Odysight.ai Inc. (NASDAQ:ODYS) Director Benad Goldwasser bought 46,875 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $3.20 per share, for a total transaction of $150,000.00. Following the acquisition, the director directly owned 121,875 shares of the company’s stock, valued at $390,000. The trade was a 62.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Odysight.ai Trading Up 8.2%

NASDAQ:ODYS opened at $3.68 on Tuesday. The company has a market cap of $61.86 million, a PE ratio of -3.32 and a beta of -0.52. The company has a 50 day simple moving average of $4.25 and a two-hundred day simple moving average of $4.99. Odysight.ai Inc. has a 12 month low of $2.60 and a 12 month high of $11.30.

Odysight.ai (NASDAQ:ODYS) last released 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 Analysts Forecast Growth

Several research firms have recently commented on ODYS. Benchmark reaffirmed a “buy” rating on shares of Odysight.ai in a research report on Monday, August 17th. Chardan Capital started coverage on shares of Odysight.ai in a research note on Monday, August 17th. They set a “buy” rating and a $7.15 price target on the stock. Morgan Stanley raised shares of Odysight.ai to an “overweight” rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings lowered Odysight.ai from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $8.57.

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.