Virtu Financial LLC Invests $38,000 in Spectral AI, Inc. (NASDAQ:MDAI)

Virtu Financial LLC acquired a new stake in Spectral AI, Inc. (NASDAQ:MDAI) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 13,346 shares of the company’s stock, valued at approximately $38,000.

Separately, Avantax Planning Partners Inc. increased its stake in Spectral AI by 44.7% in the 4th quarter. Avantax Planning Partners Inc. now owns 231,336 shares of the company’s stock valued at $655,000 after buying an additional 71,484 shares during the last quarter. 67.08% of the stock is currently owned by hedge funds and other institutional investors.

Spectral AI Stock Performance

Shares of MDAI stock opened at $1.20 on Wednesday. Spectral AI, Inc. has a fifty-two week low of $0.82 and a fifty-two week high of $3.25. The stock’s fifty day moving average price is $1.74 and its two-hundred day moving average price is $1.68. The company has a market cap of $22.31 million, a PE ratio of -1.85 and a beta of 0.43.

Spectral AI (NASDAQ:MDAI) last posted its earnings results on Thursday, March 27th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.07. The company had revenue of $7.60 million for the quarter, compared to the consensus estimate of $6.83 million. On average, equities analysts predict that Spectral AI, Inc. will post -0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $3.50 target price on shares of Spectral AI in a report on Tuesday, March 18th.

Spectral AI Company Profile

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.