Odysight.Ai (NASDAQ:ODYS) Stock Price Down 1.7% – Time to Sell?

Odysight.Ai Inc. (NASDAQ:ODYS) was down 1.7% on Wednesday . The stock traded as low as $5.11 and last traded at $5.25. Approximately 3,615 shares were traded during trading, a decline of 84% from the average daily volume of 23,106 shares. The stock had previously closed at $5.34.

Analyst Upgrades and Downgrades

Separately, Benchmark assumed coverage on Odysight.Ai in a report on Wednesday, April 2nd. They set a “buy” rating and a $10.00 price target on the stock.

Odysight.Ai Trading Down 1.7%

The company has a fifty day moving average price of $5.42. The stock has a market cap of $85.66 million, a PE ratio of -6.10 and a beta of 0.46.

Odysight.Ai (NASDAQ:ODYS) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.29) earnings per share (EPS) for the quarter. Odysight.Ai had a negative return on equity of 56.78% and a negative net margin of 207.38%. The firm had revenue of $2.07 million during the quarter.

Insider Buying and Selling

In other news, major shareholder Y.D. More Investments Ltd sold 8,600 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $5.29, for a total value of $45,494.00. Following the transaction, the insider now directly owns 715,140 shares in the company, valued at approximately $3,783,090.60. This represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On Odysight.Ai

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd bought a new position in Odysight.Ai in the 1st quarter worth about $11,870,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new stake in shares of Odysight.Ai in the first quarter valued at approximately $4,383,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new position in Odysight.Ai in the first quarter worth approximately $1,375,000. Phoenix Financial Ltd. purchased a new position in Odysight.Ai during the 1st quarter worth $15,263,000. Finally, Hohimer Wealth Management LLC purchased a new position in Odysight.Ai during the 1st quarter worth $168,000. 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.