Grab Sources: Company Website. Company Presentation.
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Immediate Focus: MDAI's Explosive Potential Catalysts To Watch Closely
Right now, MDAI has multiple potential catalysts that could provide it with a breakout spark in the near term. Here's what to watch for:
#1. A Low Float Could Provide The Potential For Wild Volatility.
Like many of my major breakout alerts in recent memory, MDAI is no different...
It has a low float.
Yahoo Finance is reporting a float of approximately 6.27Mn shares for MDAI which means the potential for volatility is extremely high.
When another potential catalyst, like company news (whether good or bad), can pair with a low float to create a volatile environment allowing a profile to make excessive vertical moves in the blink of an eye.
Which is why it's important to pay attention to companies like MDAI when they drop news like this...
#2. A Game-Changing Contract Awarded To MDAI For Over $100Mn To Advance DeepView® System!
Wow. Take a look at this mind-blowing news announcement:
Spectral MD Awarded BARDA Project BioShield Contract Valued at $149Mn for AI-Driven DeepView® Burn Wound Imaging Technology
DALLAS, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Spectral MD, Inc. (“SMD”), a subsidiary of Spectral AI, Inc. (Nasdaq: MDAI; MDAIW) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today announced it has been awarded a new contract valued at up to $149Mn by the Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response (ASPR) within the U.S. Department of Health and Human Services. The contract is for the advanced development of the DeepView® System, the Company’s AI-driven burn wound imaging technology, to be used at emergency departments, trauma centers and burn centers, for both routine burn care and as a medical countermeasure for use in burn mass casualty incidents (BMCI).
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Read the full article here.
But that's not all this company has been up to. 2023 was a momentous year. Just take a look.
#3. MDAI Looks To Capitalize On A Strong 2023 Full Of Important Company Maneuvers.
This AI company has not been messing around and has been making moves, setting them up for future success.
Here's a quick list of what's happened over the last few months alone:
12/19/23 - Spectral AI Names Industry Veteran and Former Top MiMedx Financial Executive Peter M. Carlson as CFO
10/24/23 - Spectral AI names Prof. Paul Chadwick, Former CEO of the Royal College of Podiatry UK, as Senior Executive for UK and EMEA
10/19/23 - Spectral AI’s DeepView SnapShot® Wound Imaging System, Achieves UKCA Mark and FDA Class 1 Medical Device Classification
And like I said, this is only in the last few months!
What could early 2024 hold for this Nasdaq AI profile?
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MDAI Recap - The 3 Top Potential Catalysts To Focus On Now
#1. A Low Float Could Provide The Potential For Wild Volatility.
#2. A Game-Changing Contract Awarded To MDAI For Over $100Mn To Advance DeepView® System!
#3. MDAI Looks To Capitalize On A Strong 2023 Full Of Important Company Maneuvers.
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Coverage is officially initiated on Spectral AI, Inc. (MDAI).
When updates are available, I'll get them out to you quickly. Talk soon.
Sincerely,
Kai Parker
StockWireNews
(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)