Marpai Inc (NASDAQ:MRAI) Is Currently -962.5% Below Its 52-Week High, But Upside Potential Is Still There.

In last trading session, Marpai Inc (NASDAQ:MRAI) saw 0.32 million shares changing hands with its beta currently measuring 5.19. Company’s recent per share price level of $1.28 trading at $0.16 or 14.29% at ring of the bell on the day assigns it a market valuation of $10.00M. That closing price of MRAI’s stock is at a discount of -962.5% from its 52-week high price of $13.60 and is indicating a premium of 74.22% from its 52-week low price of $0.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.18 million shares which gives us an average trading volume of 3.20 million if we extend that period to 3-months.

Marpai Inc (NASDAQ:MRAI) trade information

Upright in the green during last session for gaining 14.29%, in the last five days MRAI remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $1.28 price level, adding 3.76% to its value on the day. Marpai Inc’s shares saw a change of -26.86% in year-to-date performance and have moved 10.34% in past 5-day. Marpai Inc (NASDAQ:MRAI) showed a performance of 0.79% in past 30-days. Number of shares sold short was 14720.0 shares which calculate 0.19 days to cover the short interests.

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Marpai Inc (MRAI) estimates and forecasts

This year revenue growth is estimated to rise 42.20% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $8.73 million for the same. And 1 analysts are in estimates of company making revenue of $8.71 million in the next quarter that will end on Dec 2023. Company posted $4.94 million and $7.63 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 76.80% while estimating it to be 14.20% for the next quarter.

MRAI Dividends

Marpai Inc is more likely to be releasing its next quarterly report between March 15 and March 19 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Marpai Inc (NASDAQ:MRAI)’s Major holders

Insiders are in possession of 65.61% of company’s total shares while institution are holding 5.95 percent of that, with stock having share float percentage of 17.30%. Investors also watch the number of corporate investors in a company very closely, which is 5.95% institutions for Marpai Inc that are currently holding shares of the company. Sabby Management, LLC is the top institutional holder at MRAI for having 0.3 million shares of worth $0.38 million. And as of Sep 29, 2023, it was holding 3.83% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group Inc, which was holding about 0.12 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 1.52% of outstanding shares, having a total worth of $0.15 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 64284.0 shares of worth $82283.0 or 0.82% of the total outstanding shares. The later fund manager was in possession of 54324.0 shares on Sep 29, 2023, making its stake of worth around $69534.0 in the company or a holder of 0.70% of company’s stock.

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