D. Boral Capital Reaffirms Buy Rating for MultiSensor AI (NASDAQ:MSAI)

MultiSensor AI (NASDAQ:MSAI)‘s stock had its “buy” rating restated by investment analysts at D. Boral Capital in a research note issued on Friday,Benzinga reports. They presently have a $2.50 target price on the stock. D. Boral Capital’s target price suggests a potential upside of 189.89% from the stock’s current price.

MultiSensor AI Price Performance

Shares of NASDAQ:MSAI opened at $0.86 on Friday. The stock’s 50-day moving average price is $0.73 and its two-hundred day moving average price is $1.01. MultiSensor AI has a 12-month low of $0.52 and a 12-month high of $3.33.

MultiSensor AI (NASDAQ:MSAI) last released its quarterly earnings data 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 349.52% and a negative return on equity of 175.08%. Analysts expect that MultiSensor AI will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling at MultiSensor AI

In other news, major shareholder Gary Eugene Strahan sold 89,265 shares of MultiSensor AI stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $0.75, for a total value of $66,948.75. Following the transaction, the insider directly owned 5,724,351 shares of the company’s stock, valued at $4,293,263.25. The trade was a 1.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 264,587 shares of company stock valued at $179,302. Insiders own 11.40% of the company’s stock.

Hedge Funds Weigh In On MultiSensor AI

Several hedge funds and other institutional investors have recently modified their holdings of MSAI. Citadel Advisors LLC acquired a new position in shares of MultiSensor AI in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. lifted its stake in shares of MultiSensor AI by 310,500.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 31,060 shares of the company’s stock valued at $29,000 after purchasing an additional 31,050 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of MultiSensor AI by 130.5% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 86,573 shares of the company’s stock valued at $52,000 after purchasing an additional 49,014 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of MultiSensor AI by 39.1% in the 4th quarter. Geode Capital Management LLC now owns 179,686 shares of the company’s stock valued at $331,000 after purchasing an additional 50,497 shares in the last quarter. 82.32% of the stock is owned by institutional investors and hedge funds.

MultiSensor AI Company Profile

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.