In the last trading session, 1.64 million shares of the Spectral AI Inc (NASDAQ:MDAI) were traded, and its beta was 0.48. Most recently the company’s share price was $1.13, and it changed around -$0.29 or -20.42% from the last close, which brings the market valuation of the company to $21.01M. MDAI currently trades at a discount to its 52-week high of $3.72, offering almost -229.2% off that amount. The share price’s 52-week low was $0.82, which indicates that the current value has risen by an impressive 27.43% since then. We note from Spectral AI Inc’s average daily trading volume that its 10-day average is 0.25 million shares, with the 3-month average coming to 240.61K.
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 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended MDAI as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Spectral AI Inc is expected to report earnings per share of -0.14 for the current quarter.
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Spectral AI Inc (NASDAQ:MDAI) trade information
Instantly MDAI has showed a red trend with a performance of -20.42% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.5100 on recent trading dayincreased the stock’s daily price by 25.17%. The company’s shares are currently down -54.07% year-to-date, but still down -16.30% over the last five days. On the other hand, Spectral AI Inc (NASDAQ:MDAI) is -7.38% down in the 30-day period. We can see from the shorts that 0.92 million shares have been sold at a short interest cover period of 3.67 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 67.71% 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 -35.80 percent over the past six months and at a 42.57% annual growth rate that is well above the industry average of 15.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 36.36% in revenue this quarter, and will report a decrease of -53.33% in the next quarter. The year-over-year growth rate is expected to be 58.88%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 6.83M in revenue for the current quarter. 2 analysts expect Spectral AI Inc to make 4.09M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 5.29M and 6.33M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 29.23%. Forecasts for the next quarter put sales growth at -35.27%.
MDAI Dividends
Spectral AI Inc’s next quarterly earnings report is expected to be released in December.
Spectral AI Inc (NASDAQ:MDAI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 44.27% of Spectral AI Inc shares, and 21.77% of them are in the hands of institutional investors. The stock currently has a share float of 39.06%.
