MultiSensor AI (NASDAQ:MSAI) Stock Price Down 2.6% – What’s Next?

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) shares dropped 2.6% on Monday . The stock traded as low as $1.84 and last traded at $1.90. Approximately 9,672 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 77,910 shares. The stock had previously closed at $1.95.

MultiSensor AI Trading Down 6.3 %

The business’s 50-day moving average is $2.03 and its 200-day moving average is $2.03.

MultiSensor AI (NASDAQ:MSAI) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.20). The firm had revenue of $1.60 million for the quarter, compared to analyst estimates of $4.50 million. MultiSensor AI had a negative return on equity of 3,569.83% and a negative net margin of 398.12%. Analysts expect that MultiSensor AI Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MultiSensor AI

Institutional investors and hedge funds have recently bought and sold shares of the business. Verus Capital Partners LLC acquired a new stake in shares of MultiSensor AI in the third quarter valued at $38,000. E&G Advisors LP bought a new stake in MultiSensor AI during the 3rd quarter worth about $38,000. Murchinson Ltd. acquired a new stake in MultiSensor AI in the 1st quarter valued at about $41,000. Sanders Morris Harris LLC raised its stake in shares of MultiSensor AI by 1.9% in the third quarter. Sanders Morris Harris LLC now owns 3,375,593 shares of the company’s stock worth $7,291,000 after acquiring an additional 62,892 shares during the last quarter. Finally, Connective Capital Management LLC bought a new position in shares of MultiSensor AI in the second quarter worth about $137,000. Institutional investors and hedge funds 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.