Odysight.ai (NASDAQ:ODYS) Posts Earnings Results

Odysight.ai (NASDAQ:ODYS) released its quarterly earnings data on Thursday. The company reported ($0.27) EPS for the quarter, Zacks reports. The company had revenue of $0.15 million during the quarter. Odysight.ai had a negative net margin of 293.91% and a negative return on equity of 54.92%.

Odysight.ai Stock Performance

Shares of ODYS stock traded up $0.10 during midday trading on Friday, hitting $3.40. 4,521 shares of the company were exchanged, compared to its average volume of 18,409. Odysight.ai has a 52 week low of $2.60 and a 52 week high of $10.80. The firm’s 50 day moving average price is $3.81 and its two-hundred day moving average price is $4.46. The firm has a market capitalization of $55.59 million, a P/E ratio of -3.21 and a beta of 0.35.

Insider Activity at Odysight.ai

In other Odysight.ai news, major shareholder Y.D. More Investments Ltd sold 77,385 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $3.35, for a total value of $259,239.75. Following the completion of the transaction, the insider directly owned 623,443 shares in the company, valued at approximately $2,088,534.05. This trade represents a 11.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 106,597 shares of company stock valued at $360,854. 46.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Odysight.ai in a research note on Thursday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.00.

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.