MultiSensor AI (NASDAQ:MSAI) Stock Price Up 5.3% – Should You Buy?

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) rose 5.3% during mid-day trading on Friday . The company traded as high as $2.00 and last traded at $2.00. Approximately 30,638 shares were traded during trading, a decline of 1% from the average daily volume of 30,819 shares. The stock had previously closed at $1.90.

MultiSensor AI Price Performance

The firm’s 50-day simple moving average is $1.77 and its 200 day simple moving average is $1.86.

MultiSensor AI (NASDAQ:MSAI) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.20). MultiSensor AI had a negative return on equity of 668.81% and a negative net margin of 464.06%. The company had revenue of $1.60 million during the quarter, compared to the consensus estimate of $4.50 million. On average, equities analysts forecast that MultiSensor AI Holdings, Inc. will post -0.83 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Connective Capital Management LLC bought a new stake in MultiSensor AI in the 2nd quarter valued at about $137,000. Sanders Morris Harris LLC increased its stake in shares of MultiSensor AI by 1.9% in the third quarter. Sanders Morris Harris LLC now owns 3,375,593 shares of the company’s stock worth $7,291,000 after purchasing an additional 62,892 shares in the last quarter. E&G Advisors LP bought a new stake in shares of MultiSensor AI in the third quarter valued at approximately $38,000. Verus Capital Partners LLC purchased a new stake in shares of MultiSensor AI during the 3rd quarter valued at approximately $38,000. Finally, Geode Capital Management LLC boosted its holdings in MultiSensor AI by 149.9% in the 3rd quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock worth $279,000 after buying an additional 77,497 shares during the period. Hedge funds and other institutional investors own 82.32% of the company’s stock.

About MultiSensor AI

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.