During the last session, Spectral AI Inc (NASDAQ:MDAI)’s traded shares were 3.93 million, with the beta value of the company hitting 0.42. At the end of the trading day, the stock’s price was $1.06, reflecting an intraday loss of -6.19% or -$0.07. The 52-week high for the MDAI share is $3.72, that puts it down -250.94 from that peak though still a striking 22.64% gain since the share price plummeted to a 52-week low of $0.82. The company’s market capitalization is $20.67M, and the average intraday trading volume over the past 10 days was 0.41 million shares, and the average trade volume was 263.07K shares over the past three months.

Spectral AI Inc (MDAI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. MDAI has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.14.

Spectral AI Inc (NASDAQ:MDAI) trade information

Spectral AI Inc (MDAI) registered a -6.19% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.19% in intraday trading to $1.06, hitting a weekly high. The stock’s 5-day price performance is -23.74%, and it has moved by -25.87% in 30 days. Based on these gigs, the overall price performance for the year is -59.39%. The short interest in Spectral AI Inc (NASDAQ:MDAI) is 0.92 million shares and it means that shorts have 3.67 day(s) to cover.

The consensus price target of analysts on Wall Street is $3.5, which implies an increase of 69.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $3.5 respectively. As a result, MDAI is trading at a discount of -230.19% off the target high and -230.19% off the low.

Spectral AI Inc (MDAI) estimates and forecasts

Statistics show that Spectral AI Inc has outperformed its competitors in share price, compared to the industry in which it operates. Spectral AI Inc (MDAI) shares have gone down -36.90% during the last six months, with a year-to-date growth rate more than the industry average at 42.57% against 15.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 36.36% this quarter and then drop -53.33% in the quarter after that. In the rating firms’ projections, revenue will increase 58.88% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.83M as predicted by 4 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 4.09M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 5.29M and 6.33M respectively. In this case, analysts expect current quarter sales to grow by 29.23% and then drop by -35.27% in the coming quarter.

While earnings are projected to return 64.86% in 2024.

MDAI Dividends

Spectral AI Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Spectral AI Inc (NASDAQ:MDAI)’s Major holders

Spectral AI Inc insiders own 42.18% of total outstanding shares while institutional holders control 20.74%, with the float percentage being 35.88%.