Odysight.ai (NASDAQ:ODYS) Stock Rating Upgraded by Chardan Capital

Odysight.ai (NASDAQ:ODYS) was upgraded by equities research analysts at Chardan Capital to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on ODYS. Weiss Ratings lowered Odysight.ai from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, July 24th. Morgan Stanley raised shares of Odysight.ai to an “overweight” rating in a report on Wednesday, June 24th. Finally, Benchmark restated a “buy” rating on shares of Odysight.ai in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Odysight.ai currently has an average rating of “Moderate Buy” and an average target price of $8.57.

Odysight.ai Stock Up 8.0%

Shares of NASDAQ ODYS opened at $3.80 on Wednesday. The firm has a market cap of $76.91 million, a P/E ratio of -3.42 and a beta of -0.52. Odysight.ai has a twelve month low of $2.60 and a twelve month high of $11.30. The company has a 50 day moving average of $4.24 and a 200 day moving average of $4.93.

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

Insider Buying and Selling at Odysight.ai

In related news, Director Benad Goldwasser purchased 46,875 shares of Odysight.ai stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $3.20 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the director directly owned 121,875 shares in the company, valued at $390,000. This represents a 62.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Zeev Vurembrand acquired 31,250 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of $3.20 per share, for a total transaction of $100,000.00. Following the purchase, the director directly owned 46,250 shares of the company’s stock, valued at approximately $148,000. This trade represents a 208.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 46.90% of the stock is currently owned by insiders.

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.