MultiSensor AI (NASDAQ:MSAI) Announces Quarterly Earnings Results, Beats Expectations By $0.35 EPS

MultiSensor AI (NASDAQ:MSAI) announced its quarterly earnings results on Thursday. The company reported ($0.88) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.23) by $0.35, FiscalAI reports. MultiSensor AI had a negative net margin of 141.70% and a negative return on equity of 36.08%. The firm had revenue of $1.51 million during the quarter, compared to analysts’ expectations of $2.10 million.

MultiSensor AI Price Performance

Shares of NASDAQ:MSAI traded down $0.18 on Friday, reaching $3.21. The company’s stock had a trading volume of 18,106 shares, compared to its average volume of 101,081. MultiSensor AI has a 52-week low of $2.80 and a 52-week high of $39.60. The stock has a market capitalization of $7.10 million, a P/E ratio of -0.57 and a beta of -0.17. The stock’s 50-day moving average is $4.22 and its two-hundred day moving average is $6.65.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of MultiSensor AI in a research report on Monday, September 21st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MultiSensor AI has a consensus rating of “Reduce”.

About MultiSensor AI

MultiSensor AI is a technology company that develops artificial intelligence-enabled sensing and inspection solutions for industrial and commercial applications. Its platforms combine data from multiple sensor types, including thermal, visual and acoustic sensors, to help organizations identify equipment problems, monitor operating conditions and improve maintenance processes. The company’s products and services are designed to support applications such as predictive maintenance, infrastructure monitoring, industrial inspection and facility management.