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

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

Wall Street Analysts Forecast Growth

MSAI has been the subject of a number of analyst reports. D Boral Capital raised MultiSensor AI to a “strong-buy” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of MultiSensor AI in a report on Wednesday, October 8th. Finally, D. Boral Capital reiterated a “buy” rating and issued a $3.00 price objective on shares of MultiSensor AI in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $3.00.

MultiSensor AI Price Performance

The stock has a 50-day moving average of $0.67 and a 200-day moving average of $0.74.

MultiSensor AI (NASDAQ:MSAI) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.10). MultiSensor AI had a negative return on equity of 126.32% and a negative net margin of 338.72%.The company had revenue of $1.42 million for the quarter, compared to the consensus estimate of $2.10 million. As a group, analysts expect that MultiSensor AI Holdings, Inc. will post -0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other MultiSensor AI news, major shareholder Gary Eugene Strahan sold 42,775 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $0.78, for a total transaction of $33,364.50. Following the sale, the insider owned 3,272,318 shares in the company, valued at $2,552,408.04. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 45.50% of the stock is owned by insiders.

Institutional Investors Weigh In On MultiSensor AI

A number of large investors have recently added to or reduced their stakes in MSAI. Sanders Morris Harris LLC raised its position in MultiSensor AI by 8.9% during the third quarter. Sanders Morris Harris LLC now owns 3,238,786 shares of the company’s stock valued at $2,089,000 after purchasing an additional 265,130 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in MultiSensor AI by 130.5% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 86,573 shares of the company’s stock valued at $52,000 after purchasing an additional 49,014 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in MultiSensor AI by 310,500.0% during the first quarter. SBI Securities Co. Ltd. now owns 31,060 shares of the company’s stock valued at $29,000 after purchasing an additional 31,050 shares in the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.

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.