Insider Buying: Odysight.ai (NASDAQ:ODYS) Director Purchases $150,000.00 in Stock

Odysight.ai Inc. (NASDAQ:ODYS) Director Benad Goldwasser bought 46,875 shares of Odysight.ai stock in a transaction on Thursday, August 20th. The shares were acquired at an average cost of $3.20 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the director directly owned 121,875 shares in the company, valued at approximately $390,000. The trade was a 62.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Odysight.ai Stock Performance

ODYS stock opened at $3.52 on Thursday. The company has a fifty day moving average price of $4.24 and a 200-day moving average price of $4.95. The company has a market capitalization of $71.26 million, a P/E ratio of -3.17 and a beta of -0.52. Odysight.ai Inc. has a 52-week low of $2.60 and a 52-week high of $11.30.

Odysight.ai (NASDAQ:ODYS) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter. Odysight.ai had a negative return on equity of 78.20% and a negative net margin of 1,669.72%.The business had revenue of $0.42 million during the quarter.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ODYS shares. Chardan Capital assumed coverage on shares of Odysight.ai in a report on Monday, August 17th. They issued a “buy” rating and a $7.15 target price on the stock. Morgan Stanley upgraded shares of Odysight.ai to an “overweight” rating in a research note on Wednesday, June 24th. Benchmark reiterated a “buy” rating on shares of Odysight.ai in a research report on Monday, August 17th. Finally, Weiss Ratings cut shares of Odysight.ai from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Odysight.ai currently has an average rating of “Moderate Buy” and a consensus price target of $8.57.

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.