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Spectral AI Inc (NASDAQ: MDAI) closed the day trading at $1.50 up 2.74% from the previous closing price of $1.46. In other words, the price has increased by $2.74 from its previous closing price. On the day, 0.78 million shares were traded. MDAI stock price reached its highest trading level at $1.68 during the session, while it also had its lowest trading level at $1.445.
Ratios:
For a better understanding of MDAI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 0.72.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on January 23, 2024, initiated with a Buy rating and assigned the stock a target price of $4.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 10 ’24 when DiMaio John Michael bought 6,000 shares for $1.72 per share. The transaction valued at 10,320 led to the insider holds 2,491,908 shares of the business.
DiMaio John Michael bought 2,000 shares of MDAI for $5,340 on Nov 20 ’23. The 10% Owner now owns 2,481,908 shares after completing the transaction at $2.67 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MDAI now has a Market Capitalization of 26409600 and an Enterprise Value of 29793550. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17. Its current Enterprise Value per Revenue stands at 1.322 whereas that against EBITDA is -2.553.
Stock Price History:
Over the past 52 weeks, MDAI has reached a high of $19.50, while it has fallen to a 52-week low of $1.32. The 50-Day Moving Average of the stock is -11.23%, while the 200-Day Moving Average is calculated to be -28.07%.
Shares Statistics:
Over the past 3-months, MDAI traded about 190.72K shares per day on average, while over the past 10 days, MDAI traded about 213880 shares per day. A total of 16.29M shares are outstanding, with a floating share count of 7.43M. Insiders hold about 57.80% of the company’s shares, while institutions hold 15.89% stake in the company. Shares short for MDAI as of 1722384000 were 590540 with a Short Ratio of 4.00, compared to 1719532800 on 435198. Therefore, it implies a Short% of Shares Outstanding of 590540 and a Short% of Float of 6.34.
