Spectral AI Inc (NASDAQ:MDAI) has a beta value of 0.44 and has seen 33.84 million shares traded in the last trading session. The company, currently valued at $28.29M, closed the last trade at $1.45 per share which meant it gained $0.14 on the day or 10.69% during that session. The MDAI stock price is -156.55% off its 52-week high price of $3.72 and 43.45% above the 52-week low of $0.82. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.36 million shares traded. The 3-month trading volume is 414.90K shares.
The consensus among analysts is that Spectral AI Inc (MDAI) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.14.
Spectral AI Inc (NASDAQ:MDAI) trade information
Sporting 10.69% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MDAI stock price touched $1.45 or saw a rise of 16.67%. Year-to-date, Spectral AI Inc shares have moved -41.06%, while the 5-day performance has seen it change 28.32%. Over the past 30 days, the shares of Spectral AI Inc (NASDAQ:MDAI) have changed -5.23%. Short interest in the company has seen 0.8 million shares shorted with days to cover at 3.2.
Wall Street analysts have a consensus price target for the stock at $3.5, which means that the shares’ value could jump 58.57% from current levels. The projected low price target is $3.5 while the price target rests at a high of $3.5. In that case, then, we find that the current price level is -141.38% off the targeted high while a plunge would see the stock gain -141.38% from current levels.
Spectral AI Inc (MDAI) estimates and forecasts
Figures show that Spectral AI Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -14.20% over the past 6 months, with this year growth rate of 42.57%, compared to 15.40% for the industry. Revenue growth from the last financial year stood is estimated to be 58.88%.
4 analysts offering their estimates for the company have set an average revenue estimate of 6.83M for the current quarter. 2 have an estimated revenue figure of 4.09M for the next ending quarter. Year-ago sales stood 5.29M and 6.33M respectively for this quarter and the next, and analysts expect sales will grow by 29.23% for the current quarter and 58.88% for the next.
MDAI Dividends
Spectral AI Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Spectral AI Inc (NASDAQ:MDAI)’s Major holders
Insiders own 42.18% of the company shares, while shares held by institutions stand at 20.74% with a share float percentage of 35.88%. Investors are also buoyed by the number of investors in a company, with Spectral AI Inc having a total of 26.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 0.32% shares in the company for having 61.53 shares of worth $89219.0 while later fund manager owns 50.14 shares of worth $72707.0 as of Sep 30, 2024 , which makes it owner of about 0.26% of company’s outstanding stock.
