Odysight.Ai Inc. (NASDAQ:ODYS) Major Shareholder Y.D. More Investments Ltd Sells 8,600 Shares of Stock

Odysight.Ai Inc. (NASDAQ:ODYS) major shareholder Y.D. More Investments Ltd sold 8,600 shares of Odysight.Ai stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $5.29, for a total transaction of $45,494.00. Following the transaction, the insider now owns 715,140 shares in the company, valued at approximately $3,783,090.60. This trade represents a 1.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Y.D. More Investments Ltd also recently made the following trade(s):

• On Tuesday, April 8th, Y.D. More Investments Ltd sold 2,280 shares of Odysight.Ai stock. The stock was sold at an average price of $5.90, for a total transaction of $13,452.00.
• On Wednesday, March 12th, Y.D. More Investments Ltd sold 2,400 shares of Odysight.Ai stock. The stock was sold at an average price of $6.46, for a total transaction of $15,504.00.
• On Thursday, February 20th, Y.D. More Investments Ltd sold 1,200 shares of Odysight.Ai stock. The shares were sold at an average price of $6.31, for a total transaction of $7,572.00.

Odysight.Ai Trading Up 2.5%

ODYS stock opened at $5.28 on Thursday. The firm has a market capitalization of $86.10 million, a price-to-earnings ratio of -6.14 and a beta of 0.64. Odysight.Ai Inc. has a 12-month low of $5.01 and a 12-month high of $10.80. The firm has a fifty day moving average price of $5.79.

Odysight.Ai (NASDAQ:ODYS) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.29) earnings per share for the quarter. Odysight.Ai had a negative net margin of 207.38% and a negative return on equity of 56.78%. The company had revenue of $2.07 million for the quarter.

Hedge Funds Weigh In On Odysight.Ai

Institutional investors have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Odysight.Ai during the first quarter valued at about $82,000. Hohimer Wealth Management LLC acquired a new position in shares of Odysight.Ai during the first quarter valued at about $168,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new position in shares of Odysight.Ai during the first quarter valued at about $1,375,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new position in shares of Odysight.Ai during the first quarter valued at about $4,383,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of Odysight.Ai during the first quarter valued at about $11,870,000. Institutional investors and hedge funds own 19.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark initiated coverage on shares of Odysight.Ai in a report on Wednesday, April 2nd. They issued a “buy” rating and a $10.00 target price on the stock.

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.