Brokers Issue Forecasts for Spectral AI FY2024 Earnings

Spectral AI, Inc. (NASDAQ:MDAI) – Investment analysts at HC Wainwright lifted their FY2024 earnings per share estimates for Spectral AI in a report released on Thursday, November 7th. HC Wainwright analyst S. Ramakanth now anticipates that the company will earn ($0.46) per share for the year, up from their prior estimate of ($0.66). HC Wainwright has a “Buy” rating and a $3.50 price target on the stock. The consensus estimate for Spectral AI’s current full-year earnings is ($0.57) per share. HC Wainwright also issued estimates for Spectral AI’s Q4 2024 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.15) EPS, Q3 2025 earnings at ($0.15) EPS, Q4 2025 earnings at ($0.16) EPS, FY2025 earnings at ($0.64) EPS and FY2026 earnings at $0.33 EPS.

Spectral AI (NASDAQ:MDAI) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). The company had revenue of $7.48 million during the quarter, compared to analysts’ expectations of $6.00 million.

MDAI has been the topic of a number of other research reports. Northland Securities started coverage on Spectral AI in a report on Monday, August 12th. They set an “outperform” rating and a $6.00 target price on the stock. Northland Capmk raised Spectral AI to a “strong-buy” rating in a report on Monday, August 12th.

Spectral AI Stock Performance

Shares of MDAI opened at $1.35 on Monday. The company has a market capitalization of $24.99 million, a P/E ratio of -2.12 and a beta of 0.48. Spectral AI has a one year low of $0.82 and a one year high of $3.72. The stock has a 50-day moving average price of $1.26 and a 200 day moving average price of $1.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDAI. Virtu Financial LLC acquired a new position in Spectral AI during the 1st quarter valued at approximately $38,000. Forum Financial Management LP acquired a new position in Spectral AI during the 2nd quarter valued at approximately $51,000. Finally, Murchinson Ltd. acquired a new position in Spectral AI during the 1st quarter valued at approximately $85,000. Institutional investors and hedge funds own 67.08% of the company’s stock.

About Spectral AI

Spectral AI, Inc, an artificial intelligence (AI) company, focuses on developing predictive medical diagnostics in the United States. The company develops medical diagnostics for faster and accurate treatment decisions in wound care with applications involving patients with burns and diabetic foot ulcers.