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In a recent filing with the Securities and Exchange Commission, Y.D. More Investments Ltd, a significant shareholder in Odysight.ai Inc. (NASDAQ:ODYS), disclosed the sale of 1,450 shares of common stock. The shares were sold on June 12, 2025, at a price of $5.06 each, totaling approximately $7,336. The transaction occurred as ODYS trades near its 52-week low of $4.83, with InvestingPro data showing the stock’s unique characteristic of moving contrary to broader market trends with a beta of -0.09. Following this transaction, Y.D. More Investments Ltd holds 580,602 shares indirectly through More Investment House Portfolio Management Ltd.
The report also mentions additional holdings by Y.D. More Investments Ltd through its subsidiaries, More Provident Funds & Pension Ltd, with no recent transactions affecting those shares. These holdings amount to 460,661 and 715,140 shares, respectively. The company also holds warrants to purchase 432,099 shares of common stock, which remain unchanged.
In other recent news, Odysight.AI Inc. reported its first-quarter earnings for 2025, with revenue surpassing expectations. The company is undergoing a strategic shift, focusing on Aerospace and Defense (A&D) and Industrial Technology, while recognizing the remainder of its legacy healthcare asset. This move is part of Odysight.AI’s aggressive push into new markets. At the end of the quarter, the company held a strong cash position of approximately $37 million, supported by a recent capital raise. This financial strength enables Odysight.AI to pursue global opportunities in Predictive Maintenance and Condition-Based Monitoring. Additionally, the company announced a new purchase order from a European industrial customer for monitoring systems, showcasing its expansion into various applications. Benchmark analysts have maintained their Buy rating with a $10 price target, highlighting the company’s potential to leverage its technology and cash reserves. The firm expects deals like the recent purchase order to accelerate throughout the year.
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