Spectral AI (NASDAQ:MDAI) Issues Earnings Results, Beats Estimates By $0.07 EPS

Spectral AI (NASDAQ:MDAI) issued its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.07, Zacks reports. Spectral AI updated its FY 2025 guidance to EPS.

Spectral AI Trading Down 4.5 %

MDAI traded down $0.06 during mid-day trading on Thursday, hitting $1.28. 574,761 shares of the stock were exchanged, compared to its average volume of 847,777. The firm’s fifty day moving average is $1.80 and its two-hundred day moving average is $1.68. Spectral AI has a 1-year low of $0.82 and a 1-year high of $3.25. The company has a market cap of $23.79 million, a PE ratio of -1.97 and a beta of 0.43.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and set a $3.50 price target 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.