Q3 EPS Forecast for Spectral AI Decreased by Analyst

Spectral AI, Inc. (NASDAQ:MDAI) – Equities research analysts at Northland Securities cut their Q3 2026 earnings estimates for Spectral AI in a note issued to investors on Wednesday, August 12th. Northland Securities analyst L. Horton now anticipates that the company will post earnings of ($0.12) per share for the quarter, down from their prior forecast of ($0.11). Northland Securities has a “Strong-Buy” rating on the stock. The consensus estimate for Spectral AI’s current full-year earnings is ($0.50) per share. Northland Securities also issued estimates for Spectral AI’s FY2026 earnings at ($0.48) EPS and FY2027 earnings at ($0.44) EPS.

Several other research analysts have also recently issued reports on the company. BTIG Research upped their price objective on Spectral AI from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings raised Spectral AI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

Spectral AI Price Performance

NASDAQ:MDAI opened at $1.73 on Friday. Spectral AI has a 12 month low of $1.18 and a 12 month high of $2.97. The firm has a market capitalization of $55.05 million, a PE ratio of -4.94 and a beta of 1.18. The business’s fifty day moving average price is $1.71 and its 200 day moving average price is $1.75.

Spectral AI (NASDAQ:MDAI) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The firm had revenue of $3.52 million during the quarter, compared to analyst estimates of $4.17 million.

Institutional Trading of Spectral AI

A number of large investors have recently made changes to their positions in MDAI. Hudson Bay Capital Management LP acquired a new position in Spectral AI during the fourth quarter worth approximately $2,168,000. State Street Corp grew its position in shares of Spectral AI by 90.9% during the fourth quarter. State Street Corp now owns 75,600 shares of the company’s stock worth $107,000 after acquiring an additional 36,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Spectral AI by 19.0% in the 4th quarter. Geode Capital Management LLC now owns 216,558 shares of the company’s stock valued at $308,000 after acquiring an additional 34,597 shares during the period. Bridgeway Capital Management LLC increased its holdings in shares of Spectral AI by 14.4% in the 3rd quarter. Bridgeway Capital Management LLC now owns 199,000 shares of the company’s stock valued at $454,000 after acquiring an additional 25,000 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Spectral AI in the 2nd quarter valued at $123,000. 67.08% of the stock is owned by institutional investors and hedge funds.

About Spectral AI

Spectral AI, Inc (NASDAQ: MDAI) is a technology company focused on delivering advanced analytics and insights through the application of machine learning to multi-spectral and hyperspectral data. Its core platform ingests imagery from satellites, aerial drones and ground-based sensors, applying proprietary algorithms to identify patterns and anomalies invisible to the naked eye. The company’s solutions are designed to help clients make more informed decisions in areas such as agriculture, environmental monitoring, infrastructure inspection and resource exploration.

The company offers a cloud-native software-as-a-service (SaaS) platform that enables users to visualize and analyze large volumes of spectral data via customizable dashboards.