Spectral AI (NASDAQ:MDAI) Announces Earnings Results

Spectral AI (NASDAQ:MDAI) issued its quarterly earnings results on Friday. The company reported ($0.22) earnings per share for the quarter, Zacks reports. The company had revenue of $5.29 million for the quarter.

Spectral AI Stock Performance

NASDAQ:MDAI opened at $2.13 on Monday. The company has a fifty day simple moving average of $2.18 and a two-hundred day simple moving average of $2.62. Spectral AI has a 52 week low of $1.70 and a 52 week high of $19.50.

Analyst Ratings Changes

Separately, BTIG Research started coverage on shares of Spectral AI in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $4.00 target price on the stock.

Hedge Funds Weigh In On Spectral AI

An institutional investor recently bought a new position in Spectral AI stock. Citigroup Inc. acquired a new position in shares of Spectral AI, Inc. (NASDAQ:MDAI) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 24,248 shares of the company’s stock, valued at approximately $62,000. Citigroup Inc. owned about 0.36% of Spectral AI at the end of the most recent quarter. Institutional investors own 67.08% of the company’s stock.

Spectral AI Company Profile

Spectral AI, Inc operates as an artificial intelligence (AI) company. The company focuses on medical diagnostics for faster and accurate treatment decisions in wound care with applications involving patients with burns and diabetic foot ulcers. Its products include DeepView, a predictive diagnostic device that offers clinicians an objective and immediate assessment of a wound's healing potential prior to treatment or other medical intervention.