Spectral AI (NASDAQ:MDAI) Posts Quarterly Earnings Results

Spectral AI (NASDAQ:MDAIGet Free Report) issued 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 Stock Performance

NASDAQ:MDAI opened at $2.13 on Monday. The stock’s 50 day moving average price is $2.18 and its 200 day moving average price is $2.62. Spectral AI has a 52 week low of $1.70 and a 52 week high of $19.50.

Institutional Investors Weigh In On Spectral AI

A hedge fund recently bought a new stake in Spectral AI stock. Citigroup Inc. purchased a new stake in Spectral AI, Inc. (NASDAQ:MDAIFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 24,248 shares of the company’s stock, valued at approximately $62,000. Citigroup Inc. owned 0.36% of Spectral AI as of its most recent SEC filing. Institutional investors own 67.08% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Spectral AI

About Spectral AI

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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.

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