The stock of Spectral AI Inc (NASDAQ: MDAI) has decreased by -2.08 when compared to last closing price of 1.68. Despite this, the company has experienced a -7.06% fall in its stock price over the last five trading sessions. Proactive Investors reported 2024-05-08 that Spectral AI Inc (NASDAQ:MDAI) hailed progress in the first quarter towards first commercial product revenue later this year, along with strengthening of the management team and financial position. The developer of the DeepView wound imaging system reported research & development revenue of $6.3 million for Q1, compared to $5.1 million a year ago, as it carried out an increased level of activity under the contracts with the US Biomedical Advanced Research & Development Authority (BARDA).
Is It Worth Investing in Spectral AI Inc (NASDAQ: MDAI) Right Now?
The 36-month beta value for MDAI is at 0.60. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MDAI is 7.46M, and currently, shorts hold a 3.13% of that float. The average trading volume for MDAI on May 10, 2024 was 1.22M shares.
MDAI’s Market Performance
MDAI’s stock has seen a -7.06% decrease for the week, with a -19.36% drop in the past month and a -26.56% fall in the past quarter. The volatility ratio for the week is 5.24%, and the volatility levels for the past 30 days are at 4.86% for Spectral AI Inc The simple moving average for the last 20 days is -9.76% for MDAI stock, with a simple moving average of -58.21% for the last 200 days.
Analysts’ Opinion of MDAI
Many brokerage firms have already submitted their reports for MDAI stocks, with BTIG Research repeating the rating for MDAI by listing it as a “Buy.” The predicted price for MDAI in the upcoming period, according to BTIG Research is $4 based on the research report published on January 23, 2024 of the current year 2024.
MDAI Trading at -21.08% from the 50-Day Moving Average
After a stumble in the market that brought MDAI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.56% of loss for the given period.
Volatility was left at 4.86%, however, over the last 30 days, the volatility rate increased by 5.24%, as shares sank -18.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.25% lower at present.
During the last 5 trading sessions, MDAI fell by -7.63%, which changed the moving average for the period of 200-days by -84.71% in comparison to the 20-day moving average, which settled at $1.8047. In addition, Spectral AI Inc saw -33.13% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MDAI starting from DiMaio John Michael, who purchase 2,000 shares at the price of $2.67 back on Nov 20 ’23. After this action, DiMaio John Michael now owns 2,481,908 shares of Spectral AI Inc, valued at $5,340 using the latest closing price.
Stock Fundamentals for MDAI
Current profitability levels for the company are sitting at:
- -0.76 for the present operating margin
- 0.44 for the gross margin
The net margin for Spectral AI Inc stands at -1.15. The total capital return value is set at 8.03. Equity return is now at value -9.54, with -176.24 for asset returns.
Based on Spectral AI Inc (MDAI), the company’s capital structure generated -3.07 points at debt to capital in total, while cash flow to debt ratio is standing at -6.36.
Currently, EBITDA for the company is -4.23 million with net debt to EBITDA at 0.58. When we switch over and look at the enterprise to sales, we see a ratio of 1.41. The receivables turnover for the company is 7.7for trailing twelve months and the total asset turnover is 1.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.85.
Conclusion
In conclusion, Spectral AI Inc (MDAI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
