Company’s 36-month beta value is 0.58.Analysts have differing 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 7.50M, and currently, short sellers hold a 10.46% ratio of that floaft. The average trading volume of MDAI on October 01, 2024 was 213.63K shares.
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MDAI) stock’s latest price update
The stock price of Spectral AI Inc (NASDAQ: MDAI) has dropped by -12.40 compared to previous close of 1.21. Despite this, the company has seen a gain of 4.95% in its stock price over the last five trading days. proactiveinvestors.com reported 2024-09-24 that Spectral AI Inc (NASDAQ:MDAI) announced a significant milestone in its U.S. Burn Pivotal Study with 25% of patient enrollment completed in Emergency Departments (EDs).
MDAI’s Market Performance
MDAI’s stock has risen by 4.95% in the past week, with a monthly drop of -27.40% and a quarterly drop of -45.64%. The volatility ratio for the week is 16.16% while the volatility levels for the last 30 days are 9.84% for Spectral AI Inc The simple moving average for the past 20 days is -13.82% for MDAI’s stock, with a -44.58% simple moving average for the past 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 -26.80% 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 -77.35% of loss for the given period.
Volatility was left at 9.84%, however, over the last 30 days, the volatility rate increased by 16.16%, as shares sank -25.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.08% lower at present.
During the last 5 trading sessions, MDAI rose by +4.95%, which changed the moving average for the period of 200-days by -60.00% in comparison to the 20-day moving average, which settled at $1.2115. In addition, Spectral AI Inc saw -56.91% 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 0.98. 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
In a nutshell, Spectral AI Inc (MDAI) has experienced a bad performance in recent times. The stock has received mixed “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.
