In today’s recent session, 0.54 million shares of the Spectral AI Inc (NASDAQ:MDAI) have been traded, and its beta is 0.59. Most recently the company’s share price was $1.60, and it changed around $0.14 or 9.83% from the last close, which brings the market valuation of the company to $28.24M. MDAI at last check was trading at a discount to its 52-week high of $19.50, offering almost -1118.75% off that amount. The share price’s 52-week low was $1.32, which indicates that the recent value has risen by an impressive 17.5% since then. We note from Spectral AI Inc’s average daily trading volume that its 10-day average is 0.15 million shares, with the 3-month average coming to 190.72K.
Spectral AI Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended MDAI as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Spectral AI Inc is expected to report earnings per share of -0.16 for the current quarter.
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Spectral AI Inc (NASDAQ:MDAI) trade information
Instantly MDAI has been showing a green trend so far today with a performance of 9.83% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.6800 on recent trading dayincreased the stock’s daily price by 4.76%. The company’s shares are currently down -34.82% year-to-date, but still up 4.80% over the last five days. On the other hand, Spectral AI Inc (NASDAQ:MDAI) is -5.68% down in the 30-day period. We can see from the shorts that 0.59 million shares have been sold at a short interest cover period of 2.68 day(s).
The consensus price target as assigned by Wall Street analysts is $3.5, which translates to bulls needing to increase their stock price by 54.29% from its current value. Analyst projections state that MDAI is forecast to be at a low of $3.5 and a high of $3.5.
Spectral AI Inc (MDAI) estimates and forecasts
Spectral AI Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -18.19 percent over the past six months and at a 36.63% annual growth rate that is well above the industry average of 12.50%. The year-over-year growth rate is expected to be 57.00%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 7.15M in revenue for the current quarter. 4 analysts expect Spectral AI Inc to make 7.43M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 40.50%.
MDAI Dividends
Spectral AI Inc’s next quarterly earnings report is expected to be released on 2024-Aug-12.
Spectral AI Inc (NASDAQ:MDAI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 46.74% of Spectral AI Inc shares, and 21.00% of them are in the hands of institutional investors. The stock currently has a share float of 39.44%.
Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Mar 31, 2024. The former held 61.53 shares worth $97834.0, making up 0.35% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 37.01 shares worth around $58850.0, which represents about 0.21% of the total shares outstanding.
