Spectral AI Inc (NASDAQ:MDAI)’s traded shares stood at 1.78 million during the last session, with the company’s beta value hitting 0.64. At the close of trading, the stock’s price was $2.03, to imply a decrease of -6.45% or -$0.14 in intraday trading. The MDAI share’s 52-week high remains $3.72, putting it -83.25% down since that peak but still an impressive 59.61% since price per share fell to its 52-week low of $0.82. The company has a valuation of $39.60M, with an average of 9.16 million shares in intraday trading volume over the past 10 days and average of 1.66 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Spectral AI Inc (MDAI), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give MDAI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.14.
Spectral AI Inc (NASDAQ:MDAI) trade information
After registering a -6.45% downside in the last session, Spectral AI Inc (MDAI) has traded red over the past five days. The 5-day price performance for the stock is 39.04%, and 37.16% over 30 days. With these gigs, the year-to-date price performance is -17.48%. Short interest in Spectral AI Inc (NASDAQ:MDAI) saw shorts transact 0.8 million shares and set a 3.2 days time to cover.
The extremes give us $3.5 and $3.5 for target low and target high price respectively. As such, MDAI has been trading -72.41% off suggested target high and -72.41% from its likely low.
Spectral AI Inc (MDAI) estimates and forecasts
Looking at statistics comparing Spectral AI Inc share performance against respective industry, we note that the company has outperformed competitors. Spectral AI Inc (MDAI) shares are 28.48% up over the last 6 months, with its year-to-date growth rate higher than industry average at 46.53% against 15.40%. The rating firms project that company’s revenue will grow 58.88% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 6.83M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 4.09M.Earnings reports from the last fiscal year show that sales brought in 5.29M and 6.33M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 29.23% before dropping -35.27% in the following quarter.
MDAI Dividends
Spectral AI Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Spectral AI Inc (NASDAQ:MDAI)’s Major holders
Spectral AI Inc insiders hold 42.18% of total outstanding shares, with institutional holders owning 15.82% of the shares at 27.36% float percentage. In total, 15.82% institutions holds shares in the company.
