Northland Securities Forecasts Spectral AI FY2027 Earnings

Spectral AI, Inc. (NASDAQ:MDAI) – Equities researchers at Northland Securities issued their FY2027 earnings estimates for shares of Spectral AI in a report issued on Wednesday, March 25th. Northland Securities analyst C. Byrnes anticipates that the company will post earnings of ($0.40) per share for the year. The consensus estimate for Spectral AI’s current full-year earnings is ($0.48) per share.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Spectral AI in a report on Monday, December 22nd. BTIG Research reiterated a “buy” rating and set a $3.00 target price on shares of Spectral AI in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.25.

Spectral AI Trading Down 2.0%

NASDAQ:MDAI opened at $1.49 on Friday. The company has a market capitalization of $45.73 million, a P/E ratio of -4.81 and a beta of 0.98. Spectral AI has a 12 month low of $1.04 and a 12 month high of $3.21. The business’s 50-day moving average is $1.52 and its 200 day moving average is $1.74.

Spectral AI (NASDAQ:MDAI) last issued its quarterly earnings data on Tuesday, March 24th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.15. The firm had revenue of $3.85 million for the quarter, compared to analysts’ expectations of $2.91 million.

Institutional Investors Weigh In On Spectral AI

Several hedge funds and other institutional investors have recently made changes to their positions in MDAI. Philip James Wealth Mangement LLC bought a new stake in shares of Spectral AI in the 3rd quarter worth about $27,000. Raymond James Financial Inc. grew its holdings in Spectral AI by 1,180.0% during the 3rd quarter. Raymond James Financial Inc. now owns 12,800 shares of the company’s stock valued at $29,000 after purchasing an additional 11,800 shares during the last quarter. Jane Street Group LLC purchased a new stake in Spectral AI in the 2nd quarter worth about $74,000. Marshall Wace LLP purchased a new stake in Spectral AI in the 2nd quarter worth about $104,000. Finally, DNB Asset Management AS bought a new stake in Spectral AI in the second quarter worth about $107,000. Hedge funds and other 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.