University of Texas Investment Ma recently announced the acquisition of new stake in Spectral AI Inc (NASDAQ:MDAI). This fresh investment now brings its stake to 4.10% valued currently at $1.64 million. In addition, Rathbones Investment Management L raised its holdings by 0.44 million to 0.44 million shares.
With over 24.13 million Spectral AI Inc (MDAI) shares trading Friday and a closing price of $2.62 on the day, the dollar volume was approximately $63.22 million. The shares have shown a negative half year performance of -75.40% and its price on 01/12/24 gained nearly 2.75%. Currently, there are 22.58M common shares owned by the public and among those 7.13M shares have been available to trade.
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Insiders at the company have transacted a total of 6 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 245,995 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Spectral AI Inc are FP Octopus Invts. UCITS Funds – U, Lumyna – MW TOPS UCITS Fund, and TOPS Market Neutral UCITS FUND. FP Octopus Invts. UCITS Funds – U owns 0.37 million shares of the company’s stock, all valued at over $0.91 million. Lumyna – MW TOPS UCITS Fund sold -0.14 million shares to see its total holdings shrink to 48799.0 shares valued at over $0.12 million and representing 0.30% of the shares outstanding. TOPS Market Neutral UCITS FUND sold 57770.0 shares to bring its total holdings to over 24537.0 shares at a value of $60361.0. TOPS Market Neutral UCITS FUND now owns shares totaling to 0.15% of the shares outstanding.
Shares of Spectral AI Inc (NASDAQ: MDAI) opened at $2.96, up $0.41 from a prior closing price of $2.55. The company’s stock has a 5-day price change of -14.66% and -5.75% over the past three months. MDAI shares are trading 6.50% year to date (YTD), with the 12-month market performance down to -73.67% lower. It has a 12-month low price of $2.20 and touched a high of $19.50 over the same period. MDAI has an average intraday trading volume of 986.41K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.76%, -4.27%, and -64.62% respectively.
Institutional ownership of Spectral AI Inc (NASDAQ: MDAI) shares accounts for 7.50% of the company’s 22.58M shares outstanding. Mutual fund holders own 2.86%, while other institutional holders and individual stakeholders account for 7.56% and 15.57% respectively.
It has a market capitalization of $59.16M and a beta (3y monthly) value of 0.57. The earnings-per-share (ttm) stands at -$1.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 20.69% over the week and 13.11% over the month.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Spectral AI Inc (MDAI) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
