Spectral AI (NASDAQ:MDAI – Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.02), Yahoo Finance reports. The business had revenue of $7.48 million during the quarter, compared to analysts’ expectations of $6.00 million. Spectral AI updated its FY 2024 guidance to EPS.
Spectral AI Price Performance
NASDAQ:MDAI opened at $1.52 on Wednesday. The firm has a fifty day simple moving average of $1.71 and a 200 day simple moving average of $1.90. Spectral AI has a 1-year low of $1.32 and a 1-year high of $19.50.
Analyst Ratings Changes
Several analysts have weighed in on the company. Northland Capmk raised Spectral AI to a “strong-buy” rating in a report on Monday. Northland Securities assumed coverage on Spectral AI in a report on Monday. They set an “outperform” rating and a $6.00 price objective for the company. Finally, HC Wainwright reissued a “buy” rating and set a $3.50 price objective on shares of Spectral AI in a report on Tuesday.
About Spectral AI
Spectral AI, Inc, an artificial intelligence (AI) company, focuses on developing predictive medical diagnostics in the United States. The company develops medical diagnostics for faster and accurate treatment decisions in wound care with applications involving patients with burns and diabetic foot ulcers.
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