A look at Spectral AI Inc’s (MDAI) recent performance gives investors their first glimpse of hope.

On Monday, Spectral AI Inc (NASDAQ: MDAI) opened higher 10.91% from the last session, before settling in for the closing price of $2.75. Price fluctuations for MDAI have 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. Company’s average yearly earnings per share was noted 66.44% at the time writing. With a float of $10.21 million, this company’s outstanding shares have now reached $18.51 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

A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of Spectral AI Inc is 51.96%, while institutional ownership is 10.29%. 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

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 66.44% per share during the next fiscal year.

Spectral AI Inc (NASDAQ: MDAI) Trading Performance Indicators

Check out the current performance indicators for Spectral AI Inc (MDAI). In the past quarter, the stock posted a quick ratio of 0.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.38.

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 -0.55 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 2.88 million was better than the volume posted last year of 1.21 million. As of the previous 9 days, the stock’s Stochastic %D was 90.72%. Additionally, its Average True Range was 0.31.

During the past 100 days, Spectral AI Inc’s (MDAI) raw stochastic average was set at 91.76%, which indicates a significant increase from 86.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 129.14% in the past 14 days, which was higher than the 115.52% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.68, while its 200-day Moving Average is $1.67. Now, the first resistance to watch is $3.25. This is followed by the second major resistance level at $3.44. The third major resistance level sits at $3.64. If the price goes on to break the first support level at $2.86, it is likely to go to the next support level at $2.66. Should the price break the second support level, the third support level stands at $2.47.

Spectral AI Inc (NASDAQ: MDAI) Key Stats

There are currently 18,588K shares outstanding in the company with a market cap of 64.82 million. Presently, the company’s annual sales total 18,060 K according to its annual income of -20,850 K. Last quarter, the company’s sales amounted to 8,170 K and its income totaled -1,500 K.