Y.D. More Investments Ltd Sells 77,385 Shares of Odysight.ai (NASDAQ:ODYS) Stock

Odysight.ai Inc. (NASDAQ:ODYS) major shareholder Y.D. More Investments Ltd sold 77,385 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $3.35, for a total value of $259,239.75. Following the completion of the transaction, the insider owned 623,443 shares of the company’s stock, valued at $2,088,534.05. This trade represents a 11.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Y.D. More Investments Ltd also recently made the following trade(s):

• 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 shares were 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 transaction of $21,180.00.
• On Wednesday, October 15th, Y.D. More Investments Ltd sold 900 shares of Odysight.ai stock. The stock was sold at an average price of $3.44, for a total transaction of $3,096.00.
• On Thursday, October 9th, Y.D. More Investments Ltd sold 1,000 shares of Odysight.ai stock. The stock was sold at an average price of $4.29, for a total transaction of $4,290.00.
• On Wednesday, October 8th, Y.D. More Investments Ltd sold 650 shares of Odysight.ai stock. The shares were sold at an average price of $4.31, for a total transaction of $2,801.50.

Odysight.ai Stock Down 0.6%

NASDAQ:ODYS opened at $3.30 on Friday. The company has a market cap of $53.96 million, a P/E ratio of -3.11 and a beta of 0.35. The firm’s 50 day moving average is $3.81 and its two-hundred day moving average is $4.46. Odysight.ai Inc. has a fifty-two week low of $2.60 and a fifty-two week high of $10.80.

Odysight.ai (NASDAQ:ODYS) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.27) EPS for the quarter. Odysight.ai had a negative return on equity of 54.92% and a negative net margin of 293.91%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Odysight.ai in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.00.

Institutional Trading of Odysight.ai

Institutional investors have recently added to or reduced their stakes in the business. Hohimer Wealth Management LLC purchased a new position in Odysight.ai in the first quarter valued at about $168,000. Y.D. More Investments Ltd boosted its position in shares of Odysight.ai by 5.6% in the second quarter. Y.D. More Investments Ltd now owns 1,792,353 shares of the company’s stock worth $9,285,000 after buying an additional 94,530 shares during the period. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new stake in shares of Odysight.ai in the first quarter valued at about $1,375,000. Noked Israel Ltd acquired a new stake in shares of Odysight.ai in the third quarter valued at about $904,000. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new stake in shares of Odysight.ai during the 1st quarter valued at about $4,383,000. 19.67% of the stock is 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.