Braiin (NASDAQ:BRAI) Shares Down 8.3% – Time to Sell?

Braiin Ltd (NASDAQ:BRAI)’s share price dropped 8.3% during mid-day trading on Wednesday . The company traded as low as $6.36 and last traded at $6.3850. Approximately 38,227 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 247,161 shares. The stock had previously closed at $6.96.

Wall Street Analyst Weigh In

BRAI has been the subject of a number of analyst reports. Maxim Group assumed coverage on shares of Braiin in a research report on Monday, June 15th. They set a “buy” rating and a $10.00 target price for the company. Wall Street Zen raised Braiin from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Weiss Ratings initiated coverage on Braiin in a report on Wednesday, May 6th. They set a “sell (e+)” rating for the company. Finally, Zacks Research raised Braiin to a “hold” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.00.

Braiin Trading Down 8.8%

The stock has a 50-day moving average of $7.93.

About Braiin

Braiin Limited is an Australian technology company leveraging proprietary intellectual property and patented artificial intelligence/machine learning (“AI/ML”) technologies to deliver actionable insights across high-growth verticals: Agriculture, Property Technology, and Customer Experience as a Service (“CXaaS”). Our platforms are designed to address inefficiencies and drive data-backed decision-making across traditionally analog sectors. Our first commercial focus is on the agriculture technology sector, where we have successfully deployed our AI-powered solutions across multiple implementations.