Zacks Research Weighs in on Spectral AI FY2028 Earnings

Spectral AI, Inc. (NASDAQ:MDAI) – Analysts at Zacks Research issued their FY2028 earnings per share estimates for shares of Spectral AI in a note issued to investors on Thursday, May 14th. Zacks Research analyst J. Vandermosten anticipates that the company will post earnings per share of ($0.26) for the year. The consensus estimate for Spectral AI’s current full-year earnings is ($0.50) per share.

Spectral AI (NASDAQ:MDAI) last posted its earnings results on Tuesday, May 12th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The business had revenue of $3.99 million for the quarter, compared to analyst estimates of $4.13 million.

Other analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Spectral AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. BTIG Research reaffirmed a “buy” rating and set a $3.00 price target on shares of Spectral AI in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $3.00.

Spectral AI Price Performance

MDAI opened at $2.37 on Monday. The company’s 50 day simple moving average is $1.77 and its two-hundred day simple moving average is $1.65. Spectral AI has a 1-year low of $1.18 and a 1-year high of $3.21. The firm has a market capitalization of $75.41 million, a price-to-earnings ratio of -4.47 and a beta of 1.16.

Institutional Investors Weigh In On Spectral AI

Institutional investors and hedge funds have recently made changes to their positions in the business. DNB Asset Management AS raised its holdings in shares of Spectral AI by 71.3% in the third quarter. DNB Asset Management AS now owns 73,705 shares of the company’s stock valued at $168,000 after buying an additional 30,681 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Spectral AI in the second quarter valued at about $104,000. Bridgeway Capital Management LLC raised its holdings in shares of Spectral AI by 14.4% in the third quarter. Bridgeway Capital Management LLC now owns 199,000 shares of the company’s stock valued at $454,000 after buying an additional 25,000 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Spectral AI in the fourth quarter valued at about $2,168,000. Finally, Geode Capital Management LLC raised its holdings in Spectral AI by 21.8% during the second quarter. Geode Capital Management LLC now owns 152,958 shares of the company’s stock worth $379,000 after purchasing an additional 27,365 shares in the last quarter. 67.08% of the stock is owned by hedge funds and other institutional investors.

About Spectral AI

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.