MultiSensor AI (NASDAQ:MSAI) Stock Rating Upgraded by D Boral Capital

MultiSensor AI (NASDAQ:MSAI) was upgraded by equities research analysts at D Boral Capital to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

Several other research firms also recently issued reports on MSAI. D. Boral Capital reaffirmed a “buy” rating and set a $3.00 price objective on shares of MultiSensor AI in a report on Friday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of MultiSensor AI in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3.00.

MultiSensor AI Stock Down 0.8%

NASDAQ:MSAI opened at $0.50 on Friday. The stock’s fifty day moving average price is $0.68 and its two-hundred day moving average price is $0.74. MultiSensor AI has a 52-week low of $0.46 and a 52-week high of $3.33.

MultiSensor AI (NASDAQ:MSAI) last posted its quarterly earnings data on Wednesday, August 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). MultiSensor AI had a negative return on equity of 126.32% and a negative net margin of 338.72%.The firm had revenue of $1.42 million for the quarter, compared to the consensus estimate of $2.10 million. Analysts forecast 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 the stock in a transaction on 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 owned 5,724,351 shares of the company’s stock, valued at $4,293,263.25. This represents a 1.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. 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 during the period. U.S. Capital Wealth Advisors LLC increased its position 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 buying an additional 49,014 shares in the last quarter. Finally, Sanders Morris Harris LLC increased its position in shares of MultiSensor AI by 7.2% in the 2nd quarter. Sanders Morris Harris LLC now owns 2,973,656 shares of the company’s stock valued at $1,778,000 after buying an additional 200,931 shares in the last quarter. Institutional investors and hedge funds own 82.32% of the company’s stock.

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.