Odysight.ai (NASDAQ:ODYS) Stock Price Down 0.7% – Time to Sell?

Shares of Odysight.ai Inc. (NASDAQ:ODYS) traded down 0.7% during trading on Monday. The stock traded as low as $3.00 and last traded at $3.00. 6,736 shares traded hands during trading, a decline of 76% from the average session volume of 28,047 shares. The stock had previously closed at $3.02.

Analysts Set New Price Targets

ODYS has been the topic of a number of recent analyst reports. Zacks Research raised shares of Odysight.ai to a “hold” rating in a research note on Friday, August 28th. Benchmark restated a “buy” rating on shares of Odysight.ai in a report on Monday, August 17th. Weiss Ratings raised Odysight.ai from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. Morgan Stanley upgraded Odysight.ai to an “overweight” rating in a report on Wednesday, June 24th. Finally, Chardan Capital upgraded Odysight.ai to a “strong-buy” rating in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.57.

Odysight.ai Price Performance

The firm’s 50-day moving average price is $3.83 and its 200-day moving average price is $4.64. The company has a market cap of $60.72 million, a price-to-earnings ratio of -2.70 and a beta of -0.55.

Odysight.ai (NASDAQ:ODYS) last posted its 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 business had revenue of $0.42 million for the quarter. On average, sell-side analysts anticipate that Odysight.ai Inc. will post -1.12 earnings per share for the current year.

Insider Activity

In related news, Director Zeev Vurembrand purchased 31,250 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was purchased at an average price of $3.20 per share, for a total transaction of $100,000.00. Following the acquisition, the director directly owned 46,250 shares in the company, valued at $148,000. The trade was a 208.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benad Goldwasser acquired 46,875 shares of the stock in a transaction on Thursday, August 20th. The stock was purchased at an average cost of $3.20 per share, with a total value of $150,000.00. Following the transaction, the director directly owned 121,875 shares of the company’s stock, valued at $390,000. This represents a 62.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 46.90% of the company’s stock.

Odysight.ai Company Profile

Odysight.ai Ltd. (NASDAQ: ODYS) is a technology company that develops artificial intelligence and computer-vision solutions for monitoring equipment and detecting potential failures. Its technology is designed to analyze visual data from hard-to-access components and provide insights that can support predictive maintenance, inspection and operational decision-making.

The company’s products combine miniature visual sensing systems, cameras, data processing and AI-based analytics. These solutions are intended for applications in industries such as aerospace, automotive and industrial machinery, where early identification of wear, damage or abnormal operating conditions can help improve reliability and reduce unplanned downtime.

Odysight.ai was formerly known as ScoutCam Inc and has roots in Israel’s technology sector.