D. Boral Capital Initiates Coverage on MultiSensor AI (NASDAQ:MSAI)

D. Boral Capital started coverage on shares of MultiSensor AI (NASDAQ:MSAI) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set a “buy” rating and a $2.50 price target on the stock. D. Boral Capital’s target price would indicate a potential upside of 72.41% from the company’s current price.

MultiSensor AI Stock Up 13.3 %

MultiSensor AI stock opened at $1.45 on Tuesday. MultiSensor AI has a 52-week low of $1.22 and a 52-week high of $5.00. The firm’s fifty day moving average is $1.62 and its 200 day moving average is $1.82.

Institutional Investors Weigh In On MultiSensor AI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new position in shares of MultiSensor AI in the 4th quarter worth approximately $25,000. Verus Capital Partners LLC purchased a new stake in shares of MultiSensor AI in the third quarter valued at $38,000. Cherrydale Wealth Management LLC bought a new stake in shares of MultiSensor AI in the 4th quarter worth about $138,000. 272 Capital LP bought a new stake in shares of MultiSensor AI in the 3rd quarter worth about $243,000. Finally, Geode Capital Management LLC grew its holdings in MultiSensor AI by 149.9% during the 3rd quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock valued at $279,000 after purchasing an additional 77,497 shares during the last quarter. 82.32% of the stock is currently owned by hedge funds and other institutional investors.

MultiSensor AI Company Profile

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.