Noked Israel Ltd Acquires New Stake in Odysight.ai Inc. $ODYS

Noked Israel Ltd acquired a new stake in Odysight.ai Inc. (NASDAQ:ODYS) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 200,972 shares of the company’s stock, valued at approximately $904,000. Odysight.ai makes up 0.1% of Noked Israel Ltd’s portfolio, making the stock its 11th biggest position.

Separately, Y.D. More Investments Ltd lifted its stake in shares of Odysight.ai by 5.6% in the 2nd quarter. Y.D. More Investments Ltd now owns 1,792,353 shares of the company’s stock worth $9,285,000 after acquiring an additional 94,530 shares during the period. 19.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.00.

Odysight.ai Stock Performance

Odysight.ai stock opened at $5.76 on Friday. Odysight.ai Inc. has a fifty-two week low of $2.60 and a fifty-two week high of $7.02. The company has a market capitalization of $94.23 million, a price-to-earnings ratio of -5.24 and a beta of 0.44. The stock has a fifty day moving average of $4.89 and a two-hundred day moving average of $4.07.

Insider Activity at Odysight.ai

In related news, major shareholder Y.D. More Investments Ltd sold 323,443 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $3.33, for a total transaction of $1,077,065.19. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 637,923 shares of company stock worth $2,144,643 over the last quarter. 46.90% of the stock is owned by company insiders.

Odysight.ai 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.