Marpai (MRAI) Set to Announce Quarterly Earnings on Thursday

Marpai (NASDAQ:MRAI) will issue its quarterly earnings data after the market closes on Thursday, May 9th. Parties that wish to register for the company’s conference call can do so using this link.

Marpai (NASDAQ:MRAI) last posted its quarterly earnings data on Tuesday, March 26th. The company reported ($0.65) EPS for the quarter. The company had revenue of $8.71 million for the quarter.

Marpai Price Performance

NASDAQ MRAI opened at $2.48 on Wednesday. Marpai has a 12 month low of $0.33 and a 12 month high of $3.46. The firm has a market capitalization of $25.54 million, a PE ratio of -0.56 and a beta of 5.39. The company’s 50 day simple moving average is $2.18 and its 200 day simple moving average is $1.65.

Insiders Place Their Bets

In other news, CEO Damien Lamendola acquired 910,000 shares of the stock in a transaction on Thursday, March 7th. The shares were purchased at an average cost of $1.65 per share, for a total transaction of $1,501,500.00. Following the transaction, the chief executive officer now owns 2,861,306 shares in the company, valued at approximately $4,721,154.90. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 61.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upgraded shares of Marpai from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Thursday, March 28th.

Marpai Company Profile

Marpai, Inc, a technology-driven healthcare payer, focuses on providing services to the self-insured employer market in the United States and Israel. The company offers ancillary services, such as care management, case management, actuarial services, health savings account administration, bill review and cost containment services.