Is Marpai Inc (NASDAQ: MRAI) a Risk-Worthy Bet for Bold Investors?

In the last trading session, 1.62 million Marpai Inc (NASDAQ:MRAI) shares changed hands as the company’s beta touched 2.23. With the company’s per share price at $0.91 changed hands at -$0.06 or -5.97% during last session, the market valuation stood at $7.11M. MRAI’s last price was a discount, traded about -1394.51% off its 52-week high of $13.60. The share price had its 52-week low at $0.33, which suggests the last value was 63.74% up since then. When we look at Marpai Inc’s average trading volume, we note the 10-day average is 9.68 million shares, with the 3-month average coming to 1.53 million.

Analysts gave the Marpai Inc (MRAI) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MRAI as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Marpai Inc’s EPS for the current quarter is expected to be $0.

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Marpai Inc (NASDAQ:MRAI) trade information

Instantly MRAI was in red as seen at the end of in last trading. With action 42.19%, the performance over the past five days has been green. The drop to weekly highs of 1.6300 on Monday, 11/20/23 subtracted -5.97% to the stock’s daily price. The company’s shares are showing year-to-date downside of -68.40%, with the 5-day performance at 42.19% in the green. However, in the 30-day time frame, Marpai Inc (NASDAQ:MRAI) is 69.93% up. Looking at the short shares, we see there were 0.29 million shares sold at short interest cover period of 6.12 days.

The consensus price target for the stock as assigned by Wall Street analysts is $6.00, meaning bulls need an upside of 84.83% from its current market value. According to analyst projections, MRAI’s forecast low is $6.00 with $6.00 as the target high. To hit the forecast high, the stock’s price needs a -559.34% plunge from its current level, while the stock would need to soar -559.34% for it to hit the projected low.

Marpai Inc (MRAI) estimates and forecasts

Year-over-year growth is forecast to reach 42.20% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $8.73 million. 1 analysts are of the opinion that Marpai Inc’s revenue for the quarter ending Dec 2023 will be $8.71 million. The company’s revenue for the corresponding quarters a year ago was $4.94 million and $7.63 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 76.80%. The estimates for the next quarter sales put growth at 14.20%.

MRAI Dividends

Marpai Inc is expected to release its next quarterly earnings report on November 29.

Marpai Inc (NASDAQ:MRAI)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 37.23% of Marpai Inc shares while 7.68% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 12.24%. There are 7.68% institutions holding the Marpai Inc stock share, with Sabby Management, LLC the top institutional holder. As of Jun 29, 2023, the company held 4.82% of the shares, roughly 0.38 million MRAI shares worth $0.64 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 1.63% or 0.13 million shares worth $0.22 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 73254.0 shares estimated at $0.13 million under it, the former controlled 0.94% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.69% of the shares, roughly 54224.0 shares worth around $92723.0.

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