Spectral AI Inc [NASDAQ: MDAI] surged by $0.28 during the normal trading session on while it closed the day at $2.20.
Spectral AI Inc stock has also gained 84.87% of its value over the past 7 days. However, MDAI stock has inclined by 50.68% in the 3 months of the year. Over the past six months meanwhile, it has gained 37.50% and lost -10.57% year-on date.
The market cap for MDAI stock reached $56.45 million, with 18.51 million shares outstanding and 8.83 million shares in the current float. Compared to the average trading volume of 1.29M shares, MDAI reached a trading volume of 15932898 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $4.38 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 0.30, with the Price to Sales ratio for MDAI stock in the period of the last 12 months amounting to 2.07.
MDAI stock trade performance evaluation
Spectral AI Inc [MDAI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 84.87. With this latest performance, MDAI shares gained by 52.78% in over the last four-week period, additionally plugging by 37.50% over the last 6 months – not to mention a drop of -22.54% 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 75.59, with the RSI for the last a single of trading hit 82.21, and the three-weeks RSI is set at 70.76 for Spectral AI Inc [MDAI]. The present Moving Average for the last 50 days of trading for this stock 1.2900, while it was recorded at 1.6700 for the last single week of trading, and 1.6600 for the last 200 days.
Spectral AI Inc [MDAI]: An insightful look at the core 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]: Institutional Ownership
There are presently around $15.82%, or 27.36%% of MDAI stock, in the hands of institutional investors.
