Odysight.ai (NASDAQ:ODYS) Director Zeev Vurembrand Acquires 31,250 Shares of Stock

Odysight.ai Inc. (NASDAQ:ODYS) Director Zeev Vurembrand purchased 31,250 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average cost of $3.20 per share, with a total value of $100,000.00. Following the acquisition, the director owned 46,250 shares in the company, valued at $148,000. This represents a 208.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Odysight.ai Stock Up 8.2%

ODYS opened at $3.68 on Tuesday. The company has a market cap of $61.86 million, a PE ratio of -3.32 and a beta of -0.52. Odysight.ai Inc. has a twelve month low of $2.60 and a twelve month high of $11.30. The company has a 50-day moving average price of $4.25 and a 200 day moving average price of $4.99.

Odysight.ai (NASDAQ:ODYS) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.26) earnings per share (EPS) for the quarter. Odysight.ai had a negative return on equity of 78.20% and a negative net margin of 1,669.72%.The firm had revenue of $0.42 million during the quarter.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ODYS. Chardan Capital began coverage on Odysight.ai in a research report on Monday, August 17th. They set a “buy” rating and a $7.15 price target for the company. Weiss Ratings cut shares of Odysight.ai from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 24th. Benchmark reaffirmed a “buy” rating on shares of Odysight.ai in a report on Monday, August 17th. Finally, Morgan Stanley upgraded shares of Odysight.ai to an “overweight” rating in a research report on Wednesday, June 24th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.57.

Odysight.ai Company Profile

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.