MultiSensor AI (NASDAQ:MSAI) Trading Up 5.6% – Here’s Why

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI)’s stock price shot up 5.6% on Tuesday . The company traded as high as $0.91 and last traded at $0.91. 23,514 shares were traded during trading, a decline of 92% from the average session volume of 312,445 shares. The stock had previously closed at $0.86.

Wall Street Analysts Forecast Growth

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

MultiSensor AI Trading Up 3.5 %

The firm’s fifty day moving average price is $1.24 and its 200-day moving average price is $1.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MSAI. Geode Capital Management LLC increased its stake in shares of MultiSensor AI by 39.1% in the fourth quarter. Geode Capital Management LLC now owns 179,686 shares of the company’s stock valued at $331,000 after purchasing an additional 50,497 shares during the period. 272 Capital LP acquired a new stake in MultiSensor AI in the 3rd quarter valued at approximately $243,000. Cherrydale Wealth Management LLC acquired a new stake in MultiSensor AI in the 4th quarter valued at approximately $138,000. Finally, Citadel Advisors LLC bought a new position in MultiSensor AI in the 4th quarter valued at about $25,000. 82.32% of the stock is owned by institutional investors and hedge funds.

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.