Moreover, the 36-month beta value for MDAI is 0.59. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MDAI is 7.43M and currently, short sellers hold a 10.28% of that float. On August 27, 2024, MDAI’s average trading volume was 190.72K shares.
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MDAI) stock’s latest price update
The stock price of Spectral AI Inc (NASDAQ: MDAI) has surged by 8.63 when compared to previous closing price of 1.46, but the company has seen a 3.66% gain in its stock price over the last five trading sessions. proactiveinvestors.com reported 2024-08-27 that Spectral AI Inc (NASDAQ:MDAI) announced that it has completed the enrollment of adult and pediatric patients at US burn centers for its pivotal study designed to validate the AI algorithm used by its DeepView system for the burn indication. The company said the data collected from these burn center patients will be used to pursue a De Novo classification from the US Food and Drug Administration (FDA) for the use of the DeepView System in burn centers.
MDAI’s Market Performance
Spectral AI Inc (MDAI) has seen a 3.66% rise in stock performance for the week, with a -6.71% decline in the past month and a -1.49% plunge in the past quarter. The volatility ratio for the week is 6.76%, and the volatility levels for the past 30 days are at 8.71% for MDAI. The simple moving average for the last 20 days is 2.08% for MDAI stock, with a simple moving average of -23.95% 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 -6.14% 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 -91.87% of loss for the given period.
Volatility was left at 8.71%, however, over the last 30 days, the volatility rate increased by 6.76%, as shares sank -5.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.48% lower at present.
During the last 5 trading sessions, MDAI rose by +2.61%, which changed the moving average for the period of 200-days by -43.73% in comparison to the 20-day moving average, which settled at $1.5493. In addition, Spectral AI Inc saw -35.53% 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 6,000 shares at the price of $1.72 back on May 10 ’24. After this action, DiMaio John Michael now owns 2,491,908 shares of Spectral AI Inc, valued at $10,320 using the latest closing price.
DiMaio John Michael, the 10% Owner of Spectral AI Inc, purchase 2,000 shares at $2.67 during a trade that took place back on Nov 20 ’23, which means that DiMaio John Michael is holding 2,481,908 shares at $5,340 based on the most recent closing price.
Stock Fundamentals for MDAI
Current profitability levels for the company are sitting at:
- -0.52 for the present operating margin
- 0.45 for the gross margin
The net margin for Spectral AI Inc stands at -0.9. The total capital return value is set at 5.24. Equity return is now at value -9.54, with -210.86 for asset returns.
Based on Spectral AI Inc (MDAI), the company’s capital structure generated 1.71 points at debt to capital in total, while cash flow to debt ratio is standing at -2.04. The debt to equity ratio resting at -2.41. The interest coverage ratio of the stock is 1946.67.
Currently, EBITDA for the company is -4.23 million with net debt to EBITDA at -0.84. When we switch over and look at the enterprise to sales, we see a ratio of 1.38. The receivables turnover for the company is 9.82for trailing twelve months and the total asset turnover is 1.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.72.
Conclusion
To wrap up, the performance of Spectral AI Inc (MDAI) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
