MultiSensor AI (NASDAQ:MSAI) Trading 20.5% Higher – Should You Buy?

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI)’s share price traded up 20.5% during trading on Tuesday . The stock traded as high as $0.69 and last traded at $0.66. 5,010,444 shares were traded during mid-day trading, an increase of 233% from the average session volume of 1,506,590 shares. The stock had previously closed at $0.55.

Wall Street Analyst Weigh In

A number of analysts recently commented on MSAI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of MultiSensor AI in a research report on Wednesday, October 8th. D Boral Capital raised MultiSensor AI to a “strong-buy” rating in a research report on Friday, October 17th. Finally, D. Boral Capital reaffirmed a “buy” rating and set a $3.00 price target on shares of MultiSensor AI in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, MultiSensor AI has a consensus rating of “Moderate Buy” and an average price target of $3.00.

MultiSensor AI Trading Up 20.5%

The firm has a fifty day simple moving average of $0.67 and a two-hundred day simple moving average of $0.74.

MultiSensor AI (NASDAQ:MSAI) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). MultiSensor AI had a negative return on equity of 126.32% and a negative net margin of 338.72%.The business had revenue of $1.42 million during the quarter, compared to analyst estimates of $2.10 million. On average, equities research analysts predict that MultiSensor AI Holdings, Inc. will post -0.83 EPS for the current year.

Insiders Place Their Bets

In other MultiSensor AI news, major shareholder Gary Eugene Strahan sold 42,775 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $0.78, for a total transaction of $33,364.50. Following the completion of the transaction, the insider directly owned 3,272,318 shares of the company’s stock, valued at approximately $2,552,408.04. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 45.50% of the company’s stock.

Hedge Funds Weigh In On MultiSensor AI

Several institutional investors and hedge funds have recently bought and sold shares of MSAI. SBI Securities Co. Ltd. boosted its holdings in shares of MultiSensor AI by 310,500.0% in the first quarter. SBI Securities Co. Ltd. now owns 31,060 shares of the company’s stock worth $29,000 after acquiring an additional 31,050 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of MultiSensor AI by 130.5% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 86,573 shares of the company’s stock worth $52,000 after acquiring an additional 49,014 shares during the period. Finally, Sanders Morris Harris LLC boosted its holdings in shares of MultiSensor AI by 7.2% in the second quarter. Sanders Morris Harris LLC now owns 2,973,656 shares of the company’s stock worth $1,778,000 after acquiring an additional 200,931 shares during the period. 82.32% of the stock is owned by institutional investors.

About MultiSensor AI

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.