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

MultiSensor AI (NASDAQ:MSAI)‘s stock had its “buy” rating reiterated by equities research analysts at D. Boral Capital in a note issued to investors on Friday,Benzinga reports. They currently have a $3.00 price objective on the stock. D. Boral Capital’s price objective would suggest a potential upside of 494.88% from the stock’s previous close.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of MultiSensor AI in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3.00.

MultiSensor AI Stock Performance

NASDAQ:MSAI opened at $0.50 on Friday. MultiSensor AI has a one year low of $0.46 and a one year high of $3.33. The business has a fifty day moving average price of $0.68 and a 200-day moving average price of $0.74.

MultiSensor AI (NASDAQ:MSAI) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.10). MultiSensor AI had a negative return on equity of 126.32% and a negative net margin of 338.72%.The business had revenue of $1.42 million during the quarter, compared to analyst estimates of $2.10 million. Equities research analysts anticipate that MultiSensor AI will post -0.83 EPS for the current year.

Insider Buying and Selling at MultiSensor AI

In other news, major shareholder Gary Eugene Strahan sold 89,265 shares of the firm’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $0.75, for a total transaction of $66,948.75. Following the completion of the transaction, the insider owned 5,724,351 shares in the company, valued at $4,293,263.25. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 11.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MSAI. SBI Securities Co. Ltd. grew its position 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 valued at $29,000 after purchasing an additional 31,050 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position in shares of MultiSensor AI by 130.5% during the second 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, Sanders Morris Harris LLC grew its position in shares of MultiSensor AI by 7.2% during the second quarter. Sanders Morris Harris LLC now owns 2,973,656 shares of the company’s stock valued at $1,778,000 after purchasing an additional 200,931 shares in the last quarter. Hedge funds and other institutional investors 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.