Zacks Research Estimates Spectral AI FY2028 Earnings

Spectral AI, Inc. (NASDAQ:MDAI) – Equities research analysts at Zacks Research issued their FY2028 earnings per share (EPS) estimates for Spectral AI in a note issued to investors on Thursday, May 14th. Zacks Research analyst J. Vandermosten anticipates that the company will post earnings of ($0.26) per share for the year. The consensus estimate for Spectral AI’s current full-year earnings is ($0.47) per share.

Several other analysts have also issued reports on MDAI. Weiss Ratings lowered Spectral AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. BTIG Research reissued a “buy” rating and set a $3.00 price target on shares of Spectral AI in a report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Spectral AI presently has a consensus rating of “Hold” and an average price target of $3.00.

Spectral AI Stock Performance

NASDAQ:MDAI opened at $2.43 on Monday. The stock has a 50-day simple moving average of $1.74 and a two-hundred day simple moving average of $1.65. Spectral AI has a 52-week low of $1.18 and a 52-week high of $3.21. The firm has a market capitalization of $77.32 million, a PE ratio of -4.58 and a beta of 1.16.

Spectral AI (NASDAQ:MDAI) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $3.99 million during the quarter, compared to the consensus estimate of $4.13 million.

Hedge Funds Weigh In On Spectral AI

A number of hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. boosted its stake in shares of Spectral AI by 1,180.0% in the third quarter. Raymond James Financial Inc. now owns 12,800 shares of the company’s stock worth $29,000 after acquiring an additional 11,800 shares during the period. Bridgeway Capital Management LLC boosted its stake in shares of Spectral AI by 14.4% in the third quarter. Bridgeway Capital Management LLC now owns 199,000 shares of the company’s stock worth $454,000 after acquiring an additional 25,000 shares during the period. Geode Capital Management LLC boosted its stake in shares of Spectral AI by 21.8% in the second quarter. Geode Capital Management LLC now owns 152,958 shares of the company’s stock worth $379,000 after acquiring an additional 27,365 shares during the period. Jane Street Group LLC bought a new position in shares of Spectral AI in the second quarter worth about $74,000. Finally, DNB Asset Management AS boosted its stake in shares of Spectral AI by 71.3% in the third quarter. DNB Asset Management AS now owns 73,705 shares of the company’s stock worth $168,000 after acquiring an additional 30,681 shares during the period. Institutional investors own 67.08% of the company’s stock.

Spectral AI Company Profile

Spectral AI, Inc (NASDAQ: MDAI) is a technology company focused on delivering advanced analytics and insights through the application of machine learning to multi-spectral and hyperspectral data. Its core platform ingests imagery from satellites, aerial drones and ground-based sensors, applying proprietary algorithms to identify patterns and anomalies invisible to the naked eye. The company’s solutions are designed to help clients make more informed decisions in areas such as agriculture, environmental monitoring, infrastructure inspection and resource exploration.

The company offers a cloud-native software-as-a-service (SaaS) platform that enables users to visualize and analyze large volumes of spectral data via customizable dashboards.