Insider Buying: Odysight.ai (NASDAQ:ODYS) Director Buys $100,000.00 in Stock

Odysight.ai Inc. (NASDAQ:ODYS) Director Zeev Vurembrand purchased 31,250 shares of Odysight.ai stock in a transaction that occurred on 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 transaction, the director directly owned 46,250 shares of the company’s stock, valued at $148,000. This represents a 208.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Odysight.ai Price Performance

Odysight.ai stock opened at $3.52 on Thursday. The firm has a market cap of $71.26 million, a PE ratio of -3.17 and a beta of -0.52. The stock’s fifty day moving average price is $4.24 and its two-hundred day moving average price is $4.95. Odysight.ai Inc. has a one year low of $2.60 and a one year high of $11.30.

Odysight.ai (NASDAQ:ODYS) last released its earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter. The company 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%.

Analysts Set New Price Targets

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