MultiSensor AI (NASDAQ:MSAI) Trading Down 1.8% – Should You Sell?

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI)’s share price fell 1.8% on Monday . The company traded as low as $0.80 and last traded at $0.84. 55,459 shares were traded during mid-day trading, a decline of 83% from the average session volume of 322,885 shares. The stock had previously closed at $0.85.

Analysts Set New Price Targets

Separately, D. Boral Capital reiterated a “buy” rating and issued a $2.50 target price on shares of MultiSensor AI in a report on Tuesday, April 1st.

MultiSensor AI Price Performance

The stock has a fifty day moving average of $0.90 and a two-hundred day moving average of $1.32.

MultiSensor AI (NASDAQ:MSAI) last issued its earnings results on Tuesday, May 13th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $1.17 million during the quarter, compared to analyst estimates of $6.90 million. MultiSensor AI had a negative net margin of 464.06% and a negative return on equity of 668.81%. Equities analysts forecast that MultiSensor AI Holdings, Inc. will post -0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MSAI. Geode Capital Management LLC lifted its stake in shares of MultiSensor AI by 39.1% during the fourth quarter. Geode Capital Management LLC now owns 179,686 shares of the company’s stock worth $331,000 after purchasing an additional 50,497 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of MultiSensor AI by 310,500.0% during the first quarter. SBI Securities Co. Ltd. now owns 31,060 shares of the company’s stock worth $29,000 after purchasing an additional 31,050 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of MultiSensor AI during the fourth quarter worth about $25,000. Institutional investors and hedge funds 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.