Insider Selling: Odysight.ai (NASDAQ:ODYS) Major Shareholder Sells 3,350 Shares of Stock

Odysight.ai Inc. (NASDAQ:ODYS) major shareholder Y.D. More Investments Ltd sold 3,350 shares of Odysight.ai stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $3.44, for a total transaction of $11,524.00. Following the transaction, the insider directly owned 553,562 shares in the company, valued at $1,904,253.28. This trade represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, December 15th, Y.D. More Investments Ltd sold 1,000 shares of Odysight.ai stock. The shares were sold at an average price of $3.05, for a total transaction of $3,050.00.
• On Thursday, December 11th, Y.D. More Investments Ltd sold 300,500 shares of Odysight.ai stock. The shares were sold at an average price of $3.40, for a total transaction of $1,021,700.00.
• On Wednesday, December 3rd, Y.D. More Investments Ltd sold 1,140 shares of Odysight.ai stock. The stock was sold at an average price of $3.34, for a total transaction of $3,807.60.
• On Monday, December 1st, Y.D. More Investments Ltd sold 5,000 shares of Odysight.ai stock. The stock was sold at an average price of $3.45, for a total transaction of $17,250.00.
• On Monday, November 10th, Y.D. More Investments Ltd sold 77,385 shares of Odysight.ai stock. The shares were sold at an average price of $3.35, for a total transaction of $259,239.75.
• On Wednesday, November 5th, Y.D. More Investments Ltd sold 3,550 shares of Odysight.ai stock. The shares were sold at an average price of $2.81, for a total value of $9,975.50.
• On Wednesday, October 22nd, Y.D. More Investments Ltd sold 2,800 shares of Odysight.ai stock. The stock was sold at an average price of $3.38, for a total value of $9,464.00.
• On Monday, October 20th, Y.D. More Investments Ltd sold 14,312 shares of Odysight.ai stock. The shares were sold at an average price of $3.55, for a total value of $50,807.60.
• On Thursday, October 16th, Y.D. More Investments Ltd sold 6,000 shares of Odysight.ai stock. The shares were sold at an average price of $3.53, for a total value of $21,180.00.
• On Wednesday, October 15th, Y.D. More Investments Ltd sold 900 shares of Odysight.ai stock. The stock was sold at an average price of $3.44, for a total value of $3,096.00.

Odysight.ai Price Performance

Shares of Odysight.ai stock opened at $3.41 on Monday. Odysight.ai Inc. has a one year low of $2.60 and a one year high of $10.80. The business’s 50 day simple moving average is $3.31 and its two-hundred day simple moving average is $4.00. The stock has a market capitalization of $55.75 million, a P/E ratio of -3.10 and a beta of 0.33.

Odysight.ai (NASDAQ:ODYS) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.27) earnings per share for the quarter. Odysight.ai had a negative net margin of 420.41% and a negative return on equity of 56.38%. The company had revenue of $0.15 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Odysight.ai in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Odysight.ai currently has an average rating of “Hold” and a consensus price target of $10.00.

Hedge Funds Weigh In On Odysight.ai

A hedge fund recently raised its stake in Odysight.ai stock. Y.D. More Investments Ltd increased its holdings in Odysight.ai Inc. (NASDAQ:ODYS) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,792,353 shares of the company’s stock after acquiring an additional 94,530 shares during the quarter. Odysight.ai comprises approximately 0.6% of Y.D. More Investments Ltd’s portfolio, making the stock its 25th biggest position. Y.D. More Investments Ltd owned 10.98% of Odysight.ai worth $9,285,000 as of its most recent SEC filing. 19.67% of the stock is currently owned by institutional investors and hedge funds.

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.