Spectral AI Inc (NASDAQ: MDAI) on Monday, soared 13.55% from the previous trading day, before settling in for the closing price of $1.55. Within the past 52 weeks, MDAI’s price has moved between $0.82 and $3.25.
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Annual sales at Healthcare sector company slipped by -9.61% over the past five years. The company achieved an average annual earnings per share of 66.44%. With a float of $11.12 million, this company’s outstanding shares have now reached $18.51 million.
Let’s look at the performance matrix of the company that is accounted for 78 employees. 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
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Spectral AI Inc is 47.69%, while institutional ownership is 11.68%. 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
Spectral AI Inc (MDAI) is currently performing well based on its current performance indicators. A quick ratio of 0.69 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.37.
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)
Spectral AI Inc (NASDAQ: MDAI) saw its 5-day average volume 0.33 million, a negative change from its year-to-date volume of 0.74 million. As of the previous 9 days, the stock’s Stochastic %D was 61.50%. Additionally, its Average True Range was 0.15.
During the past 100 days, Spectral AI Inc’s (MDAI) raw stochastic average was set at 33.48%, which indicates a significant decrease from 86.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 98.68% in the past 14 days, which was lower than the 117.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.9268, while its 200-day Moving Average is $1.6601. Nevertheless, the first resistance level for the watch stands at $1.8733 in the near term. At $1.9867, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.1433. If the price goes on to break the first support level at $1.6033, it is likely to go to the next support level at $1.4467. Assuming the price breaks the second support level, the third support level stands at $1.3333.
Spectral AI Inc (NASDAQ: MDAI) Key Stats
Market capitalization of the company is 37.41 million based on 18,588K outstanding shares. Right now, sales total 18,060 K and income totals -20,850 K. The company made 8,170 K in profit during its latest quarter, and -1,500 K in sales during its previous quarter.
