At the time of writing, Spectral AI Inc [MDAI] stock is trading at $1.76, up 13.55%. An important factor to consider is whether the stock is rising or falling in short-term value. The MDAI shares have gain 31.34% over the last week, with a monthly amount drifted -18.89%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Spectral AI Inc [NASDAQ: MDAI] stock has seen the most recent analyst activity on January 23, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $4.
For the past year, the stock price of Spectral AI Inc fluctuated between $0.82 and $3.25. Currently, Wall Street analysts expect the stock to reach $3.5 within the next 12 months. Spectral AI Inc [NASDAQ: MDAI] shares were valued at $1.76 at the most recent close of the market. An investor can expect a potential return of 98.86% based on the average MDAI price forecast.
Analyzing the MDAI fundamentals
According to Spectral AI Inc [NASDAQ:MDAI], the company’s sales were 27.26M for trailing twelve months, which represents an 137.59% jump. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -0.31%, Pretax Profit Margin comes in at -0.4%, and Net Profit Margin reading is -0.41%. To continue investigating profitability, this company’s Return on Assets is posted at -0.96, Equity is 3.6 and Total Capital is 5.73. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.86.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.6033 points at the first support level, and at 1.4467 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8733, and for the 2nd resistance point, it is at 1.9867.
Ratios To Look Out For
It is important to note that Spectral AI Inc [NASDAQ:MDAI] has a current ratio of 0.73. On the other hand, the Quick Ratio is 0.69, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 1.37.
Transactions by insiders
Recent insider trading involved DiMaio John Michael, Director, that happened on May 10 ’24 when 6000.0 shares were purchased.
