MultiSensor AI (NASDAQ:MSAI) Receives Buy Rating from D. Boral Capital

D. Boral Capital reissued their buy rating on shares of MultiSensor AI (NASDAQ:MSAI) in a report published on Tuesday morning,Benzinga reports. The firm currently has a $2.50 price objective on the stock.

MultiSensor AI Stock Performance

MSAI stock opened at $0.79 on Tuesday. The business has a 50 day simple moving average of $0.85 and a 200-day simple moving average of $1.28. MultiSensor AI has a 1 year low of $0.70 and a 1 year high of $3.33.

MultiSensor AI (NASDAQ:MSAI) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $1.17 million during the quarter, compared to analysts’ expectations of $6.90 million. MultiSensor AI had a negative return on equity of 668.81% and a negative net margin of 464.06%. As a group, equities research analysts predict that MultiSensor AI will post -0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MSAI. Geode Capital Management LLC grew its position in MultiSensor AI by 39.1% in the fourth quarter. Geode Capital Management LLC now owns 179,686 shares of the company’s stock worth $331,000 after acquiring an additional 50,497 shares during the period. Citadel Advisors LLC purchased a new position in MultiSensor AI in the fourth quarter worth approximately $25,000. Finally, SBI Securities Co. Ltd. grew its position in MultiSensor AI by 310,500.0% in the first quarter. SBI Securities Co. Ltd. now owns 31,060 shares of the company’s stock worth $29,000 after acquiring an additional 31,050 shares during the period. 82.32% of the stock is currently owned by hedge funds and other institutional investors.

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.