Odysight.ai (NASDAQ:ODYS) Announces Earnings Results

Odysight.ai (NASDAQ:ODYS) released its earnings results on Thursday. The company reported ($0.26) EPS for the quarter, FiscalAI reports. The company had revenue of $0.42 million during the quarter. Odysight.ai had a negative return on equity of 66.30% and a negative net margin of 1,739.44%.

Odysight.ai Price Performance

ODYS stock traded down $0.13 during trading on Thursday, hitting $4.07. 126,571 shares of the company traded hands, compared to its average volume of 301,661. Odysight.ai has a 1 year low of $2.60 and a 1 year high of $11.30. The company has a market cap of $68.42 million, a PE ratio of -3.70 and a beta of -0.52. The stock’s 50-day simple moving average is $4.27 and its 200 day simple moving average is $5.09.

Wall Street Analysts Forecast Growth

ODYS has been the subject of a number of research analyst reports. Weiss Ratings cut shares of Odysight.ai from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 24th. Benchmark reissued a “buy” rating on shares of Odysight.ai in a report on Wednesday, June 24th. Finally, Morgan Stanley raised Odysight.ai to an “overweight” rating in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.00.

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.