Zeev Vurembrand Purchases 31,250 Shares of Odysight.ai (NASDAQ:ODYS) Stock

Odysight.ai Inc. (NASDAQ:ODYS) Director Zeev Vurembrand acquired 31,250 shares of Odysight.ai stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $3.20 per share, with a total value of $100,000.00. Following the purchase, the director directly owned 46,250 shares in the company, valued at approximately $148,000. The trade was a 208.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Odysight.ai Stock Down 0.8%

Shares of ODYS stock opened at $3.65 on Wednesday. Odysight.ai Inc. has a 52-week low of $2.60 and a 52-week high of $11.30. The stock has a market cap of $73.88 million, a PE ratio of -3.29 and a beta of -0.52. The business has a 50-day simple moving average of $4.25 and a 200-day simple moving average of $4.97.

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

Analyst Upgrades and Downgrades

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

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.