Y.D. More Investments Ltd Sells 8,600 Shares of Odysight.Ai Inc. (NASDAQ:ODYS) Stock

Odysight.Ai Inc. (NASDAQ:ODYS) major shareholder Y.D. More Investments Ltd sold 8,600 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $5.29, for a total value of $45,494.00. Following the completion of the transaction, the insider now owns 715,140 shares in the company, valued at $3,783,090.60. The trade was a 1.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% 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, April 8th, Y.D. More Investments Ltd sold 2,280 shares of Odysight.Ai stock. The stock was sold at an average price of $5.90, for a total value of $13,452.00.
• On Wednesday, March 12th, Y.D. More Investments Ltd sold 2,400 shares of Odysight.Ai stock. The stock was sold at an average price of $6.46, for a total value of $15,504.00.
• On Thursday, February 20th, Y.D. More Investments Ltd sold 1,200 shares of Odysight.Ai stock. The stock was sold at an average price of $6.31, for a total value of $7,572.00.

Odysight.Ai Price Performance

NASDAQ:ODYS opened at $5.15 on Wednesday. The company has a market cap of $83.98 million, a PE ratio of -5.99 and a beta of 0.64. The business has a 50 day moving average of $5.82. Odysight.Ai Inc. has a 12 month low of $5.01 and a 12 month high of $10.80.

Odysight.Ai (NASDAQ:ODYS) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.29) EPS for the quarter. The company had revenue of $2.07 million during the quarter. Odysight.Ai had a negative return on equity of 56.78% and a negative net margin of 207.38%.

Institutional Investors Weigh In On Odysight.Ai

A number of hedge funds have recently modified their holdings of ODYS. Phoenix Financial Ltd. bought a new stake in shares of Odysight.Ai in the 1st quarter worth approximately $15,263,000. Y.D. More Investments Ltd bought a new stake in shares of Odysight.Ai in the 1st quarter worth approximately $11,870,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new stake in shares of Odysight.Ai in the 1st quarter worth approximately $4,383,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in shares of Odysight.Ai in the 1st quarter worth approximately $1,375,000. Finally, Hohimer Wealth Management LLC bought a new stake in shares of Odysight.Ai in the 1st quarter worth approximately $168,000. Institutional investors own 19.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark initiated coverage on Odysight.Ai in a research note on Wednesday, April 2nd. They issued a “buy” rating and a $10.00 target price on the 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.