Braiin (NASDAQ:BRAI) Shares Gap Up – Still a Buy?

Braiin Ltd (NASDAQ:BRAI)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $6.03, but opened at $6.42. Braiin shares last traded at $5.7890, with a volume of 16,699 shares traded.

Analyst Ratings Changes

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

Braiin Stock Performance

The firm’s 50-day moving average is $7.71.

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.