MultiSensor AI (NASDAQ:MSAI) Trading Up 0.9% – Should You Buy?

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) traded up 0.9% during trading on Wednesday . The company traded as high as $0.90 and last traded at $0.88. 19,772 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 318,393 shares. The stock had previously closed at $0.87.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital reissued a “buy” rating and set a $2.50 target price on shares of MultiSensor AI in a research note on Tuesday.

MultiSensor AI Stock Up 12.7 %

The stock has a fifty day moving average of $1.29 and a 200-day moving average of $1.65.

Hedge Funds Weigh In On MultiSensor AI

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in shares of MultiSensor AI by 149.9% in the third quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock worth $279,000 after buying an additional 77,497 shares during the period. 272 Capital LP purchased a new stake in shares of MultiSensor AI in the 3rd quarter valued at approximately $243,000. Cherrydale Wealth Management LLC acquired a new position in MultiSensor AI in the 4th quarter worth approximately $138,000. Finally, Citadel Advisors LLC purchased a new position in MultiSensor AI during the 4th quarter worth approximately $25,000. Hedge funds and other institutional investors own 82.32% of the company’s stock.

MultiSensor AI Company Profile

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.