Spectral AI Inc (NASDAQ:MDAI) shares, rose in value on Thursday, January 02, with the stock price down by -3.53% to the previous day’s close as strong demand from buyers drove the stock to $2.73.
Actively observing the price movement in the last trading, the stock closed the session at $2.83, falling within a range of $2.6 and $2.88. Referring to stock’s 52-week performance, its high was $3.72, and the low was $0.82. On the whole, MDAI has fluctuated by 24.09% over the past month.
With the market capitalization of Spectral AI Inc currently standing at about $58.02 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MDAI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of MDAI currently trading nearly 24.94% and 56.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.98, while the 7-day volatility ratio is showing 19.45% which for the 30-day chart, stands at 14.76%. Furthermore, Spectral AI Inc (MDAI)’s beta value is 0.46, and its average true range (ATR) is 0.33.
A comparison of Spectral AI Inc (MDAI) with its peers suggests the former has fared considerably weaker in the market. MDAI showed an intraday change of -3.53% in last session, and over the past year, it grew by 7.91%%.
Data on historical trading for Spectral AI Inc (NASDAQ:MDAI) indicates that the trading volumes over the past 10 days have averaged 2.04 and over the past 3 months, they’ve averaged 2.19 million. According to company’s latest data on outstanding shares, there are 18.51 million shares outstanding.
Nearly 51.96% of Spectral AI Inc’s shares belong to company insiders and institutional investors own 10.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.0 million shares as on 2024-12-13, resulting in a short ratio of 0.2. According to the data, the short interest in Spectral AI Inc (MDAI) stood at 797.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 0.8 million. The stock has fallen by -3.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MDAI stock heading into the next quarter.
