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 note issued on Wednesday,Zacks.com reports.

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

Odysight.ai Stock Performance

Odysight.ai stock opened at $3.80 on Wednesday. Odysight.ai has a fifty-two week low of $2.60 and a fifty-two week high of $11.30. The firm has a market capitalization of $76.91 million, a price-to-earnings ratio of -3.42 and a beta of -0.52. The stock’s fifty day moving average is $4.24 and its two-hundred day moving average is $4.93.

Odysight.ai (NASDAQ:ODYS) last released its quarterly earnings data 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 Activity

In other news, Director Benad Goldwasser acquired 46,875 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was acquired at an average price of $3.20 per share, with a total value of $150,000.00. Following the completion of the transaction, the director directly owned 121,875 shares in the company, valued at approximately $390,000. This represents a 62.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Zeev Vurembrand acquired 31,250 shares of Odysight.ai stock in a transaction that occurred on Thursday, August 20th. The shares were purchased 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 position. The SEC filing for this purchase provides additional information. 46.90% of the stock is owned by company 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.