Spectral AI (NASDAQ:MDAI) Releases Earnings Results

Spectral AI (NASDAQ:MDAIGet Free Report) posted its quarterly earnings results on Friday. The company reported ($0.22) earnings per share for the quarter, Zacks reports. The firm had revenue of $5.29 million during the quarter.

Spectral AI Stock Performance

NASDAQ MDAI opened at $2.13 on Monday. Spectral AI has a 12 month low of $1.70 and a 12 month high of $19.50. The company’s 50 day moving average is $2.18 and its two-hundred day moving average is $2.62.

Analysts Set New Price Targets

Separately, BTIG Research started coverage on Spectral AI in a research note on Tuesday, January 23rd. They issued a “buy” rating and a $4.00 price target on the stock.

Read Our Latest Research Report on Spectral AI

Institutional Trading of Spectral AI

An institutional investor recently bought a new position in Spectral AI stock. Northern Trust Corp bought a new position in shares of Spectral AI, Inc. (NASDAQ:MDAIFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,649 shares of the company’s stock, valued at approximately $48,000. Northern Trust Corp owned about 0.12% of Spectral AI as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 67.08% of the company’s stock.

Spectral AI Company Profile

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Spectral AI, Inc operates as an artificial intelligence (AI) company. The company focuses on medical diagnostics for faster and accurate treatment decisions in wound care with applications involving patients with burns and diabetic foot ulcers. Its products include DeepView, a predictive diagnostic device that offers clinicians an objective and immediate assessment of a wound's healing potential prior to treatment or other medical intervention.

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