Q2 2024 EPS Estimates for MultiSensor AI Holdings, Inc. Cut by Analyst (NASDAQ:MSAI)

MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) – Research analysts at Roth Capital dropped their Q2 2024 earnings estimates for MultiSensor AI in a report issued on Tuesday, May 21st. Roth Capital analyst G. Sweeney now expects that the company will post earnings per share of ($0.08) for the quarter, down from their prior forecast of ($0.03). The consensus estimate for MultiSensor AI’s current full-year earnings is ($0.02) per share. Roth Capital also issued estimates for MultiSensor AI’s Q3 2024 earnings at ($0.02) EPS and FY2024 earnings at ($0.27) EPS.

Separately, Roth Mkm initiated coverage on shares of MultiSensor AI in a research report on Monday, April 15th. They issued a “buy” rating and a $8.00 price objective for the company.

MultiSensor AI Stock Performance

Shares of MSAI opened at $2.27 on Friday. The stock’s 50-day moving average is $2.60. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 1.25. MultiSensor AI has a 1 year low of $1.89 and a 1 year high of $14.00.

MultiSensor AI (NASDAQ:MSAI) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.17). The business had revenue of $2.28 million for the quarter, compared to analysts’ expectations of $2.30 million.

Institutional Investors Weigh In On MultiSensor AI

An institutional investor recently bought a new position in MultiSensor AI stock. Murchinson Ltd. bought a new position in shares of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,100 shares of the company’s stock, valued at approximately $41,000. Murchinson Ltd. owned about 0.15% of MultiSensor AI at the end of the most recent quarter. 82.32% of the stock is currently owned by hedge funds and other institutional investors.

About MultiSensor AI

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.