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

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

Odysight.ai Stock Performance

Odysight.ai stock traded up $0.28 during mid-day trading on Monday, reaching $3.68. 23,720 shares of the company were exchanged, compared to its average volume of 289,915. The firm has a market cap of $61.85 million, a P/E ratio of -3.32 and a beta of -0.52. The business has a fifty day moving average of $4.26 and a 200 day moving average of $5.01. Odysight.ai Inc. has a 12-month low of $2.60 and a 12-month high of $11.30.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ODYS. Weiss Ratings downgraded shares of Odysight.ai from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Morgan Stanley raised shares of Odysight.ai to an “overweight” rating in a research note on Wednesday, June 24th. Benchmark restated a “buy” rating on shares of Odysight.ai in a research note on Monday, August 17th. Finally, Chardan Capital initiated coverage on Odysight.ai in a report on Monday, August 17th. They issued a “buy” rating and a $7.15 price target for the company. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.57.

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.