In the past week, MDAI stock has gone down by -6.94%, with a monthly gain of 20.72% and a quarterly plunge of -11.26%. The volatility ratio for the week is 10.26%, and the volatility levels for the last 30 days are 11.40% for Spectral AI Inc The simple moving average for the last 20 days is -1.40% for MDAI stock, with a simple moving average of -22.32% for the last 200 days.
Is It Worth Investing in Spectral AI Inc (NASDAQ: MDAI) Right Now?
MDAI has 36-month beta value of 0.50. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MDAI is 7.87M, and currently, short sellers hold a 11.33% ratio of that float. The average trading volume of MDAI on November 08, 2024 was 225.14K shares.
MDAI) stock’s latest price update
The stock of Spectral AI Inc (NASDAQ: MDAI) has decreased by -11.26 when compared to last closing price of 1.51. Despite this, the company has experienced a -6.94% fall in its stock price over the last five trading sessions. proactiveinvestors.com reported 2024-11-06 that Spectral AI Inc (NASDAQ:MDAI) reported a strong financial performance for the third quarter of 2024, highlighted by a 138% increase in research and development revenue as it advanced its burn wound technology. For Q3 2024, the company posted $8.2 million in revenue, up from $3.4 million in the same quarter last year.
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 6.43% 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 -63.98% of loss for the given period.
Volatility was left at 11.40%, however, over the last 30 days, the volatility rate increased by 10.26%, as shares surge +7.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.84% lower at present.
During the last 5 trading sessions, MDAI fell by -6.94%, which changed the moving average for the period of 200-days by -37.38% in comparison to the 20-day moving average, which settled at $1.3590. In addition, Spectral AI Inc saw -45.53% 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:
- -0.61 for the present operating margin
- 0.45 for the gross margin
The net margin for Spectral AI Inc stands at -0.41. The total capital return value is set at 11.3. Equity return is now at value -9.54, with -92.92 for asset returns.
Based on Spectral AI Inc (MDAI), the company’s capital structure generated 2.17 points at debt to capital in total, while cash flow to debt ratio is standing at -2.48. The debt to equity ratio resting at -1.86. The interest coverage ratio of the stock is 1183.79.
Currently, EBITDA for the company is -4.23 million with net debt to EBITDA at -0.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.07. The receivables turnover for the company is 9.62for trailing twelve months and the total asset turnover is 2.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.73.
Conclusion
To put it simply, Spectral AI Inc (MDAI) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
