With 0.77 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.32 million shares. The 52-week range on MDAI shows that it touched its highest point at $3.25 and its lowest point at $0.82 during that stretch. It currently has a 1-year price target of $4.79. Beta for the stock currently stands at 0.71.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MDAI was up-trending over the past week, with a rise of 25.00%, but this was up by 72.41% over a month. Three-month performance surged to 38.89% while six-month performance fell -9.09%. The stock gained 29.03% in the past year, while it has lost -29.33% so far this year. A look at the trailing 12-month EPS for MDAI yields -0.55 with Next year EPS estimates of -0.26. For the next quarter, that number is -0.08. This implies an EPS growth rate of 75.16% for this year and -23.65% for next year.
Float and Shares Shorts:
At present, 25.59 million MDAI shares are outstanding with a float of 14.43 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MDAI since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.47823 being high and -$0.50582 being low. For MDAI, this leads to a yearly average estimate of -$0.49662. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.09. The average estimate for the next quarter is thus -$0.09.
