Odysight.ai (NASDAQ:ODYS) Releases Quarterly Earnings Results

Odysight.ai (NASDAQ:ODYS) issued its quarterly earnings results on Thursday. The company reported ($0.26) earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.42 million during the quarter. Odysight.ai had a negative return on equity of 66.30% and a negative net margin of 1,739.44%.

Odysight.ai Price Performance

NASDAQ ODYS traded down $0.12 during trading on Friday, reaching $3.94. 15,957 shares of the company’s stock traded hands, compared to its average volume of 299,748. The firm has a market cap of $66.32 million, a price-to-earnings ratio of -3.59 and a beta of -0.52. The company’s 50 day simple moving average is $4.27 and its two-hundred day simple moving average is $5.09. Odysight.ai has a 12-month low of $2.60 and a 12-month high of $11.30.

Analyst Upgrades and Downgrades

Several research firms recently commented on ODYS. Weiss Ratings downgraded shares of Odysight.ai from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, July 24th. Morgan Stanley raised shares of Odysight.ai to an “overweight” rating in a research report on Wednesday, June 24th. Finally, Benchmark reaffirmed a “buy” rating on shares of Odysight.ai in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.00.

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.