Zacks Research Boosts Earnings Estimates for Spectral AI

Spectral AI, Inc. (NASDAQ:MDAI) – Stock analysts at Zacks Research boosted their FY2026 earnings per share (EPS) estimates for shares of Spectral AI in a research report issued on Thursday, August 13th. Zacks Research analyst J. Vandermosten now forecasts that the company will post earnings of ($0.53) per share for the year, up from their previous forecast of ($0.56). The consensus estimate for Spectral AI’s current full-year earnings is ($0.52) per share. Zacks Research also issued estimates for Spectral AI’s FY2028 earnings at ($0.29) EPS.

Spectral AI (NASDAQ:MDAI) last announced its earnings results on Tuesday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.01. The business had revenue of $3.52 million for the quarter, compared to analyst estimates of $4.17 million.

MDAI has been the topic of several other reports. Northland Securities upgraded Spectral AI to a “strong-buy” rating in a report on Monday, July 27th. Weiss Ratings raised Spectral AI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Wall Street Zen upgraded Spectral AI from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, BTIG Research upped their target price on Spectral AI from $3.00 to $4.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.00.

Spectral AI Trading Up 0.6%

MDAI stock opened at $1.62 on Thursday. The company has a market cap of $51.55 million, a price-to-earnings ratio of -4.63 and a beta of 1.18. Spectral AI has a 12 month low of $1.18 and a 12 month high of $2.97. The firm has a 50-day moving average of $1.70 and a two-hundred day moving average of $1.74.

Institutional Trading of Spectral AI

Hedge funds have recently made changes to their positions in the company. Hudson Bay Capital Management LP purchased a new stake in shares of Spectral AI during the 4th quarter valued at approximately $2,168,000. Geode Capital Management LLC increased its stake in Spectral AI by 19.0% during the fourth quarter. Geode Capital Management LLC now owns 216,558 shares of the company’s stock worth $308,000 after acquiring an additional 34,597 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in Spectral AI by 14.4% during the third quarter. Bridgeway Capital Management LLC now owns 199,000 shares of the company’s stock worth $454,000 after acquiring an additional 25,000 shares during the last quarter. DNB Asset Management AS raised its position in Spectral AI by 85.2% in the fourth quarter. DNB Asset Management AS now owns 136,473 shares of the company’s stock valued at $194,000 after purchasing an additional 62,768 shares during the period. Finally, State Street Corp raised its position in Spectral AI by 90.9% in the fourth quarter. State Street Corp now owns 75,600 shares of the company’s stock valued at $107,000 after purchasing an additional 36,000 shares during the period. Hedge funds and other institutional investors own 67.08% of the company’s stock.

About Spectral AI

Spectral AI, Inc (NASDAQ: MDAI) is a technology company focused on delivering advanced analytics and insights through the application of machine learning to multi-spectral and hyperspectral data. Its core platform ingests imagery from satellites, aerial drones and ground-based sensors, applying proprietary algorithms to identify patterns and anomalies invisible to the naked eye. The company’s solutions are designed to help clients make more informed decisions in areas such as agriculture, environmental monitoring, infrastructure inspection and resource exploration.

The company offers a cloud-native software-as-a-service (SaaS) platform that enables users to visualize and analyze large volumes of spectral data via customizable dashboards.