Braiin (NASDAQ:BRAI) Trading Up 10.2% – Still a Buy?

Braiin Ltd (NASDAQ:BRAI)’s share price was up 10.2% on Friday . The company traded as high as $5.75 and last traded at $5.75. 27,855 shares traded hands during trading, a decline of 89% from the average daily volume of 261,094 shares. The stock had previously closed at $5.22.

Wall Street Analyst Weigh In

BRAI has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Braiin from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Braiin in a report on Monday, August 3rd. Maxim Group started coverage on Braiin in a research report on Monday, June 15th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, Zacks Research raised Braiin to a “hold” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.00.

Braiin Stock Performance

The company’s 50-day simple moving average is $5.80.

About Braiin

Braiin Limited is an Australian technology company leveraging proprietary intellectual property and patented artificial intelligence/machine learning (“AI/ML”) technologies to deliver actionable insights across high-growth verticals: Agriculture, Property Technology, and Customer Experience as a Service (“CXaaS”). Our platforms are designed to address inefficiencies and drive data-backed decision-making across traditionally analog sectors. Our first commercial focus is on the agriculture technology sector, where we have successfully deployed our AI-powered solutions across multiple implementations.