Virtu Financial LLC Invests $38,000 in Spectral AI, Inc. (NASDAQ:MDAI)

Virtu Financial LLC purchased a new position in shares of Spectral AI, Inc. (NASDAQ:MDAI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,346 shares of the company’s stock, valued at approximately $38,000. Virtu Financial LLC owned about 0.07% of Spectral AI at the end of the most recent reporting period.

Separately, Millington Financial Advisors LLC acquired a new stake in Spectral AI in the 4th quarter valued at about $85,000. 67.08% of the stock is owned by institutional investors and hedge funds.

Spectral AI Stock Performance

NASDAQ MDAI opened at $1.20 on Wednesday. The stock has a market capitalization of $22.31 million, a P/E ratio of -1.85 and a beta of 0.43. Spectral AI, Inc. has a 52 week low of $0.82 and a 52 week high of $3.25. The stock has a fifty day moving average of $1.74 and a 200-day moving average of $1.68.

Spectral AI (NASDAQ:MDAI) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.07. The company had revenue of $7.60 million during the quarter, compared to analyst estimates of $6.83 million. Equities research analysts forecast that Spectral AI, Inc. will post -0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and set a $3.50 target price on shares of Spectral AI in a research 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.