Equities researchers at D. Boral Capital began coverage on shares of MultiSensor AI (NASDAQ:MSAI – Get Free Report) in a note issued to investors on Wednesday,Benzinga reports. The firm set a “buy” rating and a $2.50 price target on the stock. D. Boral Capital’s price target would suggest a potential upside of 101.61% from the company’s current price.
MultiSensor AI Stock Performance
Shares of MSAI traded up $0.03 during trading hours on Wednesday, reaching $1.24. The company had a trading volume of 66,343 shares, compared to its average volume of 1,921,496. MultiSensor AI has a 12-month low of $1.19 and a 12-month high of $5.00. The firm has a 50 day simple moving average of $1.60 and a 200-day simple moving average of $1.81.
Institutional Trading of MultiSensor AI
Several institutional investors and hedge funds have recently modified their holdings of MSAI. Citadel Advisors LLC purchased a new stake in MultiSensor AI in the 4th quarter valued at approximately $25,000. Verus Capital Partners LLC acquired a new stake in shares of MultiSensor AI during the third quarter valued at $38,000. Cherrydale Wealth Management LLC purchased a new stake in MultiSensor AI during the 4th quarter worth about $138,000. 272 Capital LP acquired a new position in MultiSensor AI in the 3rd quarter valued at about $243,000. Finally, Geode Capital Management LLC lifted its holdings in MultiSensor AI by 149.9% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors 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.
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