Currently, there are 16.29M common shares owned by the public and among those 7.15M shares have been available to trade.
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.
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However, the script later moved the day high at 3.7205, down -2.21%. The company’s stock has a 5-day price change of 13.25% and 7.72% over the past three months. MDAI shares are trading 7.72% year to date (YTD), with the 12-month market performance down to -73.51% lower. It has a 12-month low price of $1.90 and touched a high of $19.50 over the same period. MDAI has an average intraday trading volume of 684.72K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.49%, 0.65%, and -62.23% respectively.
Institutional ownership of Spectral AI Inc (NASDAQ: MDAI) shares accounts for 10.39% of the company’s 16.29M shares outstanding.
It has a market capitalization of $43.17M and a beta (3y monthly) value of 0.59. 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 29.93% over the week and 19.38% over the month.
Analysts forecast that Spectral AI Inc (MDAI) will achieve an EPS of -$0.4 for the current quarter, -$0.33 for the next quarter and -$1.52 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.4 while analysts give the company a high EPS estimate of -$0.4. Comparatively, EPS for the current quarter was -$ a year ago.
Looking at the support for the MDAI, a number of firms have released research notes about the stock. BTIG Research stated their Buy rating for the stock in a research note on January 23, 2024, with the firm’s price target at $4.
