MultiSensor AI (NASDAQ:MSAI) Trading 4.4% Higher – Still a Buy?

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) shot up 4.4% during mid-day trading on Monday . The stock traded as high as $0.91 and last traded at $0.90. 10,412 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 313,526 shares. The stock had previously closed at $0.87.

Wall Street Analysts Forecast Growth

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

MultiSensor AI Trading Up 0.9 %

The stock has a 50-day moving average price of $1.18 and a 200-day moving average price of $1.57.

Hedge Funds Weigh In On MultiSensor AI

Institutional investors have recently made changes to their positions in the stock. 272 Capital LP purchased a new position in MultiSensor AI in the third quarter worth $243,000. Geode Capital Management LLC boosted its holdings in shares of MultiSensor AI by 149.9% in the 3rd quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock worth $279,000 after purchasing an additional 77,497 shares in the last quarter. Cherrydale Wealth Management LLC purchased a new position in shares of MultiSensor AI in the 4th quarter worth about $138,000. Finally, Citadel Advisors LLC bought a new position in shares of MultiSensor AI during the 4th quarter valued at about $25,000. 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.