Y.D. More Investments Ltd Sells 8,980 Shares of Odysight.ai (NASDAQ:ODYS) Stock

Odysight.ai Inc. (NASDAQ:ODYS) major shareholder Y.D. More Investments Ltd sold 8,980 shares of the business’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 transaction of $29,185.00. Following the sale, the insider owned 544,582 shares of the company’s stock, valued at $1,769,891.50. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 stock was 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 transaction of $1,021,700.00.
• On Wednesday, December 3rd, Y.D. More Investments Ltd sold 1,140 shares of Odysight.ai stock. The stock was 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 shares were sold at an average price of $3.35, for a total value of $259,239.75.
• On Wednesday, November 5th, Y.D. More Investments Ltd sold 3,550 shares of Odysight.ai stock. The shares were 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 value 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 value of $50,807.60.
• On Thursday, October 16th, Y.D. More Investments Ltd sold 6,000 shares of Odysight.ai stock. The shares were sold at an average price of $3.53, for a total value of $21,180.00.

Odysight.ai Trading Up 2.5%

Shares of NASDAQ:ODYS opened at $3.30 on Friday. The stock has a 50 day moving average of $3.28 and a 200 day moving average of $3.97. The company has a market cap of $53.96 million, a PE ratio of -3.00 and a beta of 0.35. Odysight.ai Inc. has a 12-month low of $2.60 and a 12-month high of $10.80.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Odysight.ai

An institutional investor recently bought a new position in Odysight.ai stock. Noked Israel Ltd bought a new stake in shares of Odysight.ai Inc. (NASDAQ:ODYS) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai makes up approximately 0.1% of Noked Israel Ltd’s portfolio, making the stock its 11th largest position. Noked Israel Ltd owned 1.23% of Odysight.ai at the end of the most recent quarter. 19.67% of the stock is currently owned by hedge funds and other institutional investors.

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.