Spectral AI Inc [NASDAQ: MDAI] price plunged by -6.19 percent to reach at -$0.07.
The one-year MDAI stock forecast points to a potential upside of 80.11. The average equity rating for MDAI stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Spectral AI Inc [MDAI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MDAI shares is $5.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MDAI stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Spectral AI Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 23, 2024.
The Average True Range (ATR) for Spectral AI Inc is set at 0.18, with the Price to Sales ratio for MDAI stock in the period of the last 12 months amounting to 0.76.
MDAI Stock Performance Analysis:
Spectral AI Inc [MDAI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -23.74. With this latest performance, MDAI shares dropped by -25.87% in over the last four-week period, additionally sinking by -36.90% over the last 6 months – not to mention a drop of -59.39% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MDAI stock in for the last two-week period is set at 36.08, with the RSI for the last a single of trading hit 28.66, and the three-weeks RSI is set at 40.06 for Spectral AI Inc [MDAI]. The present Moving Average for the last 50 days of trading for this stock 1.2480, while it was recorded at 1.2920 for the last single week of trading, and 1.6821 for the last 200 days.
Insight into Spectral AI Inc Fundamentals:
Spectral AI Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.69 and a Current Ratio set at 0.73.
Spectral AI Inc [MDAI] Institutonal Ownership Details
There are presently around $20.74%, or 35.88%% of MDAI stock, in the hands of institutional investors.