Odysight.ai (NASDAQ:ODYS) Issues Earnings Results

Odysight.ai (NASDAQ:ODYS) issued its quarterly earnings results on Thursday. The company reported ($0.32) EPS for the quarter, FiscalAI reports. Odysight.ai had a negative return on equity of 55.44% and a negative net margin of 565.01%.The business had revenue of $0.08 million during the quarter.

Odysight.ai Trading Up 0.2%

ODYS stock traded up $0.01 during trading on Thursday, hitting $4.52. The company had a trading volume of 291,612 shares, compared to its average volume of 2,056,656. The company has a fifty day moving average price of $5.80 and a two-hundred day moving average price of $4.69. Odysight.ai has a fifty-two week low of $2.60 and a fifty-two week high of $11.30. The company has a market cap of $73.95 million, a P/E ratio of -4.22 and a beta of -0.52.

Institutional Investors Weigh In On Odysight.ai

A hedge fund recently bought a new stake in Odysight.ai stock. Noked Israel Ltd purchased a new stake in shares of Odysight.ai Inc. (NASDAQ:ODYS) in the 3rd quarter, according to its most recent Form 13F 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 about 0.1% of Noked Israel Ltd’s investment portfolio, making the stock its 11th largest position. Noked Israel Ltd owned about 1.23% of Odysight.ai at the end of the most recent quarter. Institutional investors and hedge funds own 19.67% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark initiated coverage on shares of Odysight.ai in a report on Monday, March 23rd. They set a “moderate buy” rating and a $10.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

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.