MultiSensor AI (NASDAQ:MSAI) Trading Up 0.9% – What’s Next?

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI)’s share price shot up 0.9% on Tuesday . The stock traded as high as $0.88 and last traded at $0.89. 6,075 shares traded hands during trading, a decline of 98% from the average session volume of 312,419 shares. The stock had previously closed at $0.88.

Analysts Set New Price Targets

Separately, D. Boral Capital reaffirmed a “buy” rating and issued a $2.50 target price on shares of MultiSensor AI in a research note on Tuesday, April 1st.

MultiSensor AI Trading Up 1.1 %

The company’s fifty day moving average is $1.17 and its 200 day moving average is $1.57.

Hedge Funds Weigh In On MultiSensor AI

Large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in MultiSensor AI by 149.9% during the third quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock valued at $279,000 after purchasing an additional 77,497 shares during the last quarter. Cherrydale Wealth Management LLC bought a new stake in shares of MultiSensor AI during the 4th quarter worth approximately $138,000. 272 Capital LP acquired a new stake in shares of MultiSensor AI in the 3rd quarter valued at approximately $243,000. Finally, Citadel Advisors LLC bought a new position in shares of MultiSensor AI in the fourth quarter valued at $25,000. 82.32% of the stock is currently owned by institutional investors and hedge funds.

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.