Benchmark Initiates Coverage on Odysight.ai (NASDAQ:ODYS)

Equities research analysts at Benchmark assumed coverage on shares of Odysight.ai (NASDAQ:ODYS) in a research note issued on Monday,Benzinga reports. The brokerage set a “speculative buy” rating and a $10.00 price target on the stock. Benchmark’s price objective indicates a potential upside of 41.44% from the stock’s previous close.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Odysight.ai in a 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 company’s stock. Based on data from MarketBeat.com, Odysight.ai currently has an average rating of “Hold” and a consensus price target of $10.00.

Odysight.ai Stock Up 10.6%

Shares of ODYS stock opened at $7.07 on Monday. The company has a 50 day moving average price of $5.42 and a 200-day moving average price of $4.24. Odysight.ai has a 52 week low of $2.60 and a 52 week high of $7.07. The firm has a market capitalization of $115.67 million, a PE ratio of -6.61 and a beta of 0.44.

Odysight.ai (NASDAQ:ODYS) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.26) earnings per share for the quarter. Odysight.ai had a negative net margin of 565.01% and a negative return on equity of 55.44%. The company had revenue of $0.44 million for the quarter.

Insider Activity at Odysight.ai

In other news, major shareholder Y.D. More Investments Ltd sold 323,443 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $3.33, for a total value of $1,077,065.19. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 336,423 shares of company stock worth $1,119,893. 46.90% of the stock is owned by corporate insiders.

Institutional Trading of Odysight.ai

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd purchased a new position in shares of Odysight.ai Inc. (NASDAQ:ODYS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai comprises approximately 0.1% of Noked Israel Ltd’s portfolio, making the stock its 11th biggest holding. Noked Israel Ltd owned approximately 1.23% of Odysight.ai as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 19.67% of the company’s 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.