US stock futures dip as Trump’s firing of Cook sparks Fed independence fears
In recent transactions reported to the SEC, Y.D. More Investments Ltd, a significant shareholder of Odysight.ai Inc. (NASDAQ:ODYS), sold 8,600 shares of the company’s common stock. The shares were sold at an average price of $5.29, totaling $45,494. The sale comes as ODYS shares trade near their 52-week low of $5.01, with the stock currently at $5.15. According to InvestingPro analysis, the company’s stock appears fairly valued at current levels.
The sales were executed on May 20, 2025. Following the transaction, Y.D. More Investments Ltd, through its subsidiaries, retains ownership of 715,140 shares. The shares are held indirectly by More Mutual Funds Management (2013) Ltd., a subsidiary of Y.D. More Investments Ltd, which manages assets for public investors. The $84 million market cap company maintains strong liquidity, with a current ratio of 11.14 and more cash than debt on its balance sheet.
The transactions were part of routine portfolio adjustments and do not necessarily indicate any change in the investment strategy or outlook on Odysight.ai by Y.D. More Investments Ltd. InvestingPro subscribers have access to 6 additional key insights about ODYS, helping investors make more informed decisions about the company’s prospects.
In other recent news, Odysight.AI reported first-quarter results for 2025, with revenue surpassing expectations. The company is strategically shifting its focus towards Aerospace and Defense (A&D) and Industrial Technology, moving away from its legacy healthcare assets. This transition includes recognizing the remaining healthcare asset to streamline operations. Odysight.AI ended the quarter with a robust cash position of approximately $37 million, enhanced by a recent capital raise, positioning it well for global opportunities in Predictive Maintenance (Pdm) and Condition-Based Monitoring (CBM).
Additionally, the company secured a new purchase order from a European industrial customer for monitoring systems used in cranes, elevators, and machinery. This order reflects Odysight.AI’s expansion into new applications and highlights the versatility of its software across various sectors. Benchmark analysts have maintained their Buy rating for the company, with a $10 price target, emphasizing the potential for accelerated deal flow throughout the year. The firm’s analysis points to Odysight.AI’s ability to leverage its technological capabilities and substantial cash reserves effectively.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.