Odysight.ai (NASDAQ:ODYS) Now Covered by Benchmark

Benchmark assumed coverage on shares of Odysight.ai (NASDAQ:ODYS) in a research note released on Monday,Benzinga reports. The firm issued a speculative buy rating and a $10.00 target price on the stock.

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

Odysight.ai Trading Down 6.4%

Odysight.ai stock opened at $6.62 on Monday. Odysight.ai has a twelve month low of $2.60 and a twelve month high of $7.40. The stock has a 50 day moving average of $5.47 and a two-hundred day moving average of $4.26. The stock has a market capitalization of $108.28 million, a price-to-earnings ratio of -6.19 and a beta of 0.44.

Odysight.ai (NASDAQ:ODYS) last released its earnings results on Thursday, March 19th. The company reported ($0.26) earnings per share (EPS) for the quarter. The company 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 55.44%.

Insider Transactions at Odysight.ai

In other news, major shareholder Y.D. More Investments Ltd sold 323,443 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was 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 is available through the SEC website. In the last 90 days, insiders sold 333,073 shares of company stock worth $1,108,369. Insiders own 46.90% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd bought a new stake in Odysight.ai Inc. (NASDAQ:ODYS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & 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 portfolio, making the stock its 11th biggest holding. Noked Israel Ltd owned 1.23% of Odysight.ai as of its most recent filing with the Securities & Exchange Commission. 19.67% of the stock is owned by institutional investors and hedge funds.

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.