A new trading day began on Tuesday, with Spectral AI Inc (NASDAQ: MDAI) stock price down -20.42% from the previous day of trading, before settling in for the closing price of $1.42. MDAI’s price has ranged from $0.82 to $3.72 over the past 52 weeks.
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Healthcare Sector giant saw their annual sales slid by -9.61% over the last five years. Meanwhile, its annual earnings per share averaged 64.86%. With a float of $8.43 million, this company’s outstanding shares have now reached $16.29 million.
The firm has a total of 78 workers. Let’s measure their productivity. In terms of profitability, gross margin is 45.34%, operating margin of -30.81%, and the pretax margin is -40.39%.
Spectral AI Inc (MDAI) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Spectral AI Inc is 54.67%, while institutional ownership is 11.76%. The most recent insider transaction that took place on May 10 ’24, was worth 10,320. In this transaction Director of this company bought 6,000 shares at a rate of $1.72, taking the stock ownership to the 2,491,908 shares.
Spectral AI Inc (MDAI) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.22 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 64.86% per share during the next fiscal year.
Spectral AI Inc (NASDAQ: MDAI) Trading Performance Indicators
Here are Spectral AI Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.56 in one year’s time.
Technical Analysis of Spectral AI Inc (MDAI)
Analysing the last 5-days average volume posted by the [Spectral AI Inc, MDAI], we can find that recorded value of 0.57 million was lower than the volume posted last year of 0.78 million. As of the previous 9 days, the stock’s Stochastic %D was 38.42%. Additionally, its Average True Range was 0.15.
During the past 100 days, Spectral AI Inc’s (MDAI) raw stochastic average was set at 23.99%, which indicates a significant increase from 17.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 112.56% in the past 14 days, which was higher than the 93.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.2530, while its 200-day Moving Average is $1.6870. Now, the first resistance to watch is $1.3700. This is followed by the second major resistance level at $1.6100. The third major resistance level sits at $1.7800. If the price goes on to break the first support level at $0.9600, it is likely to go to the next support level at $0.7900. Should the price break the second support level, the third support level stands at $0.5500.
Spectral AI Inc (NASDAQ: MDAI) Key Stats
With a market capitalization of 21.01 million, the company has a total of 18,588K Shares Outstanding. Currently, annual sales are 18,060 K while annual income is -20,850 K. The company’s previous quarter sales were 8,170 K while its latest quarter income was -1,500 K.
