In today’s recent session, 1.29 million shares of the Spectral AI Inc (NASDAQ:MDAI) have been traded, and its beta is 0.64. Most recently the company’s share price was $2.15, and it changed around $0.06 or 2.87% from the last close, which brings the market valuation of the company to $43.18M. MDAI at last check was trading at a discount to its 52-week high of $3.72, offering almost -73.02% off that amount. The share price’s 52-week low was $0.82, which indicates that the recent value has risen by an impressive 61.86% since then. We note from Spectral AI Inc’s average daily trading volume that its 10-day average is 9.15 million shares, with the 3-month average coming to 1.74 million.
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 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended MDAI as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
Spectral AI Inc (NASDAQ:MDAI) trade information
Instantly MDAI has been showing a green trend so far today with a performance of 2.87% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.41 on recent trading dayincreased the stock’s daily price by 10.79%. The company’s shares are currently down -12.60% year-to-date, but still down -2.27% over the last five days. On the other hand, Spectral AI Inc (NASDAQ:MDAI) is 60.45% up in the 30-day period. We can see from the shorts that 0.8 million shares have been sold at a short interest cover period of 3.2 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 38.57% 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 risen 31.10 percent over the past six months and at a 46.53% annual growth rate that is well above the industry average of 16.40%.
MDAI Dividends
Spectral AI Inc’s next quarterly earnings report is expected to be released in January.
Spectral AI Inc (NASDAQ:MDAI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 42.18% of Spectral AI Inc shares, and 15.82% of them are in the hands of institutional investors. The stock currently has a share float of 27.36%.
Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 61.53 shares worth $0.13 million, making up 0.32% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 50.14 shares worth around $0.11 million, which represents about 0.26% of the total shares outstanding.
