Can Marpai Inc (MRAI) stock recover despite sales dropping?

In yesterday’s Wall Street session, Marpai Inc (NASDAQ:MRAI) shares traded at $0.68, up 80.75% from the previous session.

1 analysts cover Marpai Inc (NASDAQ:MRAI), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $6.00, we find $6.00. Given the previous closing price of $0.38, this indicates a potential upside of 1478.95 percent. MRAI stock price is now 9.40% away from the 50-day moving average and -69.13% away from the 200-day moving average. The market capitalization of the company currently stands at $4.97M.

The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $6.00 as their price target over the next twelve months.

In other news, Gonzalez Edmundo, Chief Executive Officer bought 42,000 shares of the company’s stock on Sep 11. The stock was bought for $32,340 at an average price of $0.77. Upon completion of the transaction, the Chief Executive Officer now directly owns 264,047 shares in the company, valued at $0.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 21, Chief Executive Officer Gonzalez Edmundo bought 20,000 shares of the business’s stock. A total of $10,102 was incurred on buying the stock at an average price of $0.51. This leaves the insider owning 888,189 shares of the company worth $0.6 million. Insiders disposed of 140,614 shares of company stock worth roughly $95617.52 over the past 1 year. A total of 33.95% of the company’s stock is owned by insiders.

On Friday morning Marpai Inc (NASDAQ: MRAI) stock kicked off with the opening price of $0.6300. During the past 12 months, Marpai Inc has had a low of $0.33 and a high of $13.60. The fifty day moving average price for MRAI is $0.6218 and a two-hundred day moving average price translates $2.2024 for the stock.

The latest earnings results from Marpai Inc (NASDAQ: MRAI) was released for Jun, 2023. The net profit margin was -95.22% and return on equity was -374.88% for MRAI. The company reported revenue of $10.05 million for the quarter, compared to $5.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 80.8 percent.

Marpai Inc(MRAI) Company Profile

Marpai, Inc., a technology-driven healthcare payer, focuses on providing services to the self-insured employer market in the United States and Israel. The company offers ancillary services, such as care management, case management, actuarial services, health savings account administration, bill review and cost containment services. It also develops artificial intelligence and healthcare technology. Marpai, Inc. was incorporated in 2021 and is headquartered in New York, New York.

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