The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Spectral AI Inc (NASDAQ: MDAI) closed at $2.60 down -13.33% from its previous closing price of $3.00. In other words, the price has decreased by -$13.33 from its previous closing price. On the day, 2.05 million shares were traded. MDAI stock price reached its highest trading level at $2.99 during the session, while it also had its lowest trading level at $2.57.
Ratios:
For a deeper understanding of Spectral AI Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.69 and its Current Ratio is at 0.73.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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.
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 62261156 and an Enterprise Value of 50795824. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.23. Its current Enterprise Value per Revenue stands at 1.863 whereas that against EBITDA is -6.054.
Stock Price History:
The Beta on a monthly basis for MDAI is 0.47, which has changed by 0.16731513 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, MDAI has reached a high of $3.72, while it has fallen to a 52-week low of $0.82. The 50-Day Moving Average of the stock is 44.49%, while the 200-Day Moving Average is calculated to be 55.23%.
Shares Statistics:
For the past three months, MDAI has traded an average of 2.28M shares per day and 2234750 over the past ten days. A total of 18.51M shares are outstanding, with a floating share count of 10.21M. Insiders hold about 51.96% of the company’s shares, while institutions hold 10.29% stake in the company. Shares short for MDAI as of 1734048000 were 1003748 with a Short Ratio of 0.44, compared to 1731628800 on 801096. Therefore, it implies a Short% of Shares Outstanding of 1003748 and a Short% of Float of 7.969999999999999.
