In the latest trading session, 5.73 million Spectral AI Inc (NASDAQ:MDAI) shares changed hands as the company’s beta touched 0.64. With the company’s most recent per share price at $2.48 changing hands around $0.56 or 29.23% at last look, the market valuation stands at $63.66M. MDAI’s current price is a discount, trading about -50.0% off its 52-week high of $3.72. The share price had its 52-week low at $0.82, which suggests the last value was 66.94% up since then. When we look at Spectral AI Inc’s average trading volume, we note the 10-day average is 7.0 million shares, with the 3-month average coming to 1.29 million.
Analysts gave the Spectral AI Inc (MDAI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended MDAI as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Spectral AI Inc’s EPS for the current quarter is expected to be -0.14.
Spectral AI Inc (NASDAQ:MDAI) trade information
Instantly MDAI is in green as seen in intraday trades today. With action 108.50%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 0.86%, with the 5-day performance at 108.50% in the green. However, in the 30-day time frame, Spectral AI Inc (NASDAQ:MDAI) is 72.31% up. Looking at the short shares, we see there were 0.8 million shares sold at short interest cover period of 3.2 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need an upside of 29.14% from its recent market value. According to analyst projections, MDAI’s forecast low is 3.5 with 3.5 as the target high. To hit the forecast high, the stock’s price needs a -41.13% plunge from its current level, while the stock would need to soar -41.13% for it to hit the projected low.
Spectral AI Inc (MDAI) estimates and forecasts
Data shows that the Spectral AI Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 55.08% over the past 6 months, a 42.57% in annual growth rate that is considerably higher than the industry average of 15.40%. Year-over-year growth is forecast to reach 58.88% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 6.83M. 2 analysts are of the opinion that Spectral AI Inc’s revenue for the current quarter will be 4.09M. The company’s revenue for the corresponding quarters a year ago was 5.29M and 6.33M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 29.23%. The estimates for the next quarter sales put growth at -35.27%.
The 2024 estimates are for Spectral AI Inc earnings to increase by 62.45%.
MDAI Dividends
Spectral AI Inc is expected to release its next quarterly earnings report in January.
Spectral AI Inc (NASDAQ:MDAI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 42.18% of Spectral AI Inc shares while 15.82% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 27.36%.
