MultiSensor AI (NASDAQ:MSAI) Stock Price Up 4.4% – Still a Buy?

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

Analysts Set New Price Targets

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 Stock Performance

The stock’s fifty day moving average price is $1.18 and its two-hundred day moving average price is $1.57.

Hedge Funds Weigh In On MultiSensor AI

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC bought a new stake in MultiSensor AI in the fourth quarter valued at $25,000. Geode Capital Management LLC lifted its position in shares of MultiSensor AI by 39.1% in the 4th quarter. Geode Capital Management LLC now owns 179,686 shares of the company’s stock worth $331,000 after purchasing an additional 50,497 shares during the period. Cherrydale Wealth Management LLC purchased a new position in shares of MultiSensor AI during the fourth quarter valued at about $138,000. Finally, 272 Capital LP bought a new position in MultiSensor AI in the third quarter worth about $243,000. 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.