Spectral AI (NASDAQ:MDAI) Posts Quarterly Earnings Results

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

Spectral AI Trading Up 0.5 %

MDAI stock opened at $2.13 on Monday. Spectral AI has a 52-week low of $1.70 and a 52-week high of $19.50. The business has a 50-day simple moving average of $2.18 and a two-hundred day simple moving average of $2.62.

Wall Street Analysts Forecast Growth

Separately, BTIG Research assumed coverage on Spectral AI in a research note on Tuesday, January 23rd. They set a “buy” rating and a $4.00 price target for the company.

Hedge Funds Weigh In On Spectral AI

An institutional investor recently bought a new position in Spectral AI stock. Northern Trust Corp bought a new position in shares of Spectral AI, Inc. (NASDAQ:MDAI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 19,649 shares of the company’s stock, valued at approximately $48,000. Northern Trust Corp owned approximately 0.12% of Spectral AI as of its most recent SEC filing. 67.08% of the stock is owned by institutional investors.

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.