MultiSensor AI (NASDAQ:MSAI) Trading Up 0.9% – Here’s What Happened

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI)’s share price shot up 0.9% during trading on Tuesday . The company 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 reissued a “buy” rating and set a $2.50 price target on shares of MultiSensor AI in a research report on Tuesday, April 1st.

MultiSensor AI Trading Up 1.1 %

The stock’s 50-day simple moving average is $1.17 and its 200 day simple moving average is $1.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in MultiSensor AI in the 4th quarter valued at $25,000. Cherrydale Wealth Management LLC bought a new position in shares of MultiSensor AI in the fourth quarter worth $138,000. 272 Capital LP acquired a new position in MultiSensor AI in the third quarter valued at about $243,000. Finally, Geode Capital Management LLC lifted 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 worth $279,000 after purchasing an additional 77,497 shares during the period. Institutional investors and hedge funds own 82.32% of the company’s stock.

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.