Benad Goldwasser Acquires 46,875 Shares of Odysight.ai (NASDAQ:ODYS) Stock

Odysight.ai Inc. (NASDAQ:ODYS) Director Benad Goldwasser acquired 46,875 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were bought at an average cost of $3.20 per share, with a total value of $150,000.00. Following the purchase, the director owned 121,875 shares of the company’s stock, valued at approximately $390,000. This trade represents a 62.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Odysight.ai Stock Up 8.2%

Shares of Odysight.ai stock traded up $0.28 on Monday, hitting $3.68. The stock had a trading volume of 23,523 shares, compared to its average volume of 289,915. Odysight.ai Inc. has a one year low of $2.60 and a one year high of $11.30. The stock has a market cap of $61.85 million, a price-to-earnings ratio of -3.32 and a beta of -0.52. The stock’s 50-day simple moving average is $4.26 and its two-hundred day simple moving average is $5.01.

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

Wall Street Analyst Weigh In

ODYS has been the topic of several recent analyst reports. Morgan Stanley raised Odysight.ai to an “overweight” rating in a research note on Wednesday, June 24th. Weiss Ratings lowered Odysight.ai from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. Chardan Capital initiated coverage on Odysight.ai in a research report on Monday, August 17th. They issued a “buy” rating and a $7.15 price objective on the stock. Finally, Benchmark reissued a “buy” rating on shares of Odysight.ai in a research note on Monday, August 17th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.