Braiin (NASDAQ:BRAI) Shares Gap Up – Time to Buy?

Braiin Ltd (NASDAQ:BRAI)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $5.80, but opened at $7.09. Braiin shares last traded at $6.4650, with a volume of 616,954 shares.

Wall Street Analyst Weigh In

BRAI has been the topic of several analyst reports. Zacks Research raised Braiin to a “hold” rating in a research report on Tuesday, June 16th. Maxim Group began coverage on shares of Braiin in a research report on Monday, June 15th. They set a “buy” rating and a $10.00 price target for the company. Wall Street Zen upgraded shares of Braiin from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Finally, Weiss Ratings began coverage on shares of Braiin in a research note on Wednesday, May 6th. They set a “sell (e+)” rating for the company. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Braiin Stock Up 2.6%

The stock’s 50 day moving average price is $7.25.

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.