No matter how cynical the overall market is Spectral AI Inc (MDAI) performance over the last week is recorded -5.45%

Spectral AI Inc (NASDAQ: MDAI) kicked off on Monday, down -13.33% from the previous trading day, before settling in for the closing price of $3.00. Over the past 52 weeks, MDAI has traded in a range of $0.82-$3.72.

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A company in the Healthcare sector has dropped its sales by -9.61% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 66.44%. With a float of $10.21 million, this company’s outstanding shares have now reached $18.51 million.

In an organization with 78 employees, it is important to assess its efficiency. 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 Updates

Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. 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) Performance Highlights and Predictions

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

Take a look at Spectral AI Inc’s (MDAI) current performance indicators. Last quarter, 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 2.03.

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)

Let’s dig in a bit further. During the last 5-days, its volume was 2.77 million. That was better than the volume of 1.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 66.12%. Additionally, its Average True Range was 0.35.

During the past 100 days, Spectral AI Inc’s (MDAI) raw stochastic average was set at 73.21%, which indicates a significant increase from 57.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 143.44% in the past 14 days, which was higher than the 117.43% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.80, while its 200-day Moving Average is $1.67. However, in the short run, Spectral AI Inc’s stock first resistance to watch stands at $2.87. Second resistance stands at $3.14. The third major resistance level sits at $3.29. If the price goes on to break the first support level at $2.45, it is likely to go to the next support level at $2.30. Assuming the price breaks the second support level, the third support level stands at $2.03.

Spectral AI Inc (NASDAQ: MDAI) Key Stats

The company with the Market Capitalisation of 55.26 million has total of 18,588K Shares Outstanding. Its annual sales at the moment are 18,060 K in contrast with the sum of -20,850 K annual income. Company’s last quarter sales were recorded 8,170 K and last quarter income was -1,500 K.