Low Float Nasdaq Idea (MDAI) Shows No Quit, Clips New High Of Day (Heating Up?)

A new high of day was just nailed and MDAI could be starting to pick up steam. Low Float Nasdaq Idea (MDAI) Shows No Quit, Clips New High Of Day (Heating Up?) February 9th Dear Reader, A new high of day was just nailed and MDAI could be starting to pick up steam. Hitting a day high of $2.33, MDAI is now as much as 30% higher than its 52-week low of $1.79 which this Nasdaq profile established earlier this week. Could this be the start of an extremely bullish long term trend? Even if it is, time could be of the essence right this second due to the potential of volatility. Registering a [low float]( of fewer than 6Mn shares, MDAI has shown on its [1-month chart]( a propensity for explosive $1.00+ short term runs since the start of 2024. Now, I'm not saying MDAI will return to previous highs, I'm just saying to take a look at what this Nasdaq profile has done over the past several weeks. Take a moment to review my initial report below and get this Nasdaq MedTech profile front and center quickly. ----- Here's a past champ vying for full attention once again. After my initial alert, this Nasdaq AI MedTech profile grew from a 1/3/24 open of $2.87 to a high of $3.72 by 1/29/24. With that approximate 29% surge, it got us moving in the right direction to get this year kicked off glowingly. And while we've been able to deliver several other breakout ideas early in 2024, this one could be gearing up to get wild once more. Over the past 30-day stretch, this Nasdaq profile has demonstrated the ability to make $1.00+ short term bursts in the blink of an eye. In fact, we see 3 different explosive green spikes just looking at this profile's 1-month chart over at [Barchart](. Could this be occurring due to the company's early actions in 2024 including a [key "milestone" reached]( Or, maybe the announcement of potentially [game-changing study]( beginning enrollment? With a low float of fewer than 6Mn shares according to [Yahoo Finance]( there may be no better time to pull up: *Spectral AI, Inc. (MDAI)* Spectral AI, Inc. is a Dallas-based predictive AI company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, with initial applications involving patients with burns and diabetic foot ulcers. And based on 3 key potential catalysts, MDAI requires full focus. Here's a quick list: #1. A Low Float Could Provide The Potential For Wild Volatility. #2. Early Announcements In 2024 Show A Company Ready For Big Things Starting This Year. #3. A Game-Changing Contract Awarded To MDAI For Over $100Mn To Advance DeepView® System! But more on those in a second... The Company is working to revolutionize the management of wound care by “Seeing the Unknown®” with its DeepView® System. DeepView® is a predictive diagnostic device that offers clinicians an objective and immediate assessment of a wound’s healing potential prior to treatment or other medical intervention. With algorithm-driven results and a goal of substantially exceeding the current standard of care in the future, DeepView® is expected to provide faster and more accurate treatment insight towards value care by improving patient outcomes and reducing healthcare costs. DeepView® - Wound Assessment Technology for Predictive Healing Diagnostics DeepView® Solution: Universal Imaging Platform for Multiple Clinical Indications DeepView SnapShot® Imaging Platform Universal Imaging Platform: DeepView allows for multiple clinical indications while providing easy portability across all healthcare settings AI Predictive Model - AI algorithm integrates image and clinical data for wound healing prediction - Images are analyzed against a proprietary clinical database - Spectral AI has the world’s largest burn biopsy tissue database Meaningful Clinical Outcomes - Spectral AI listens to clinicians about challenges and how we can provide meaningful insights that impact patient care - DeepView strives to transform healthcare by using its proprietary and patented technology Multispectral Imaging and Artificial Intelligence Currently, there is a lack of diagnostic tools for determining tissue health. Multispectral imaging allows the physician to extract intrinsic properties and structures of specific tissues which are not visible to the human eye. Multispectral Imaging Measures Reflectance - Spectral AI system begins its diagnostics by an MSI image capture that sends multiple wavelengths of light from the visible blue field to the deep infrared spectrum. The tissue is illuminated with light of a specific wavelength and the light remitted by the tissue detected. Multispectral Waveforms Classify Tissue Viability - This remitted light results from the specific absorption properties of the tissue or tissue components and is used to differentiate tissue types. DeepView® AI Prediction - This multispectral data is combined with patient clinical data to create the input into the DeepView® artificial intelligence algorithm. The result is an accurate, objective wound healing prediction. Wound Care Solutions for Predictive Healing DeepView’s Day One prediction eliminates subjective biases and provides a more accurate evaluation of wound healing. Informed Wound Care Solutions - Spectral AI’s DeepView® Technology provides accurate information for early determination - Allows for a clear picture of the wound prior to treatment or other interventions Grab Sources: [Company Website.]( [Company Presentation.]( ----- 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 5.37Mn 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. Early Announcements In 2024 Show A Company Ready For Big Things Starting This Year. It's February, but MDAI is already moving and shaking. As I mentioned in the intro, MDAI has dropped a couple huge announcements showing they are ALL IN early this year. Take a look: 2/6/24 - [Spectral AI to Participate in the 2024 BTIG MedTech, Digital Health, Life Science & Diagnostic Tools Conference]( 1/29/24 - [Spectral Submits Application for UKCA Mark Classification]( 1/11/24 - [Spectral AI Begins Enrollment in Pivotal Study to Validate DeepView AI® for Burn Injuries]( Could this be why MDAI's chart has seen at least [3 different explosive $1.00+ short term moves]( since the beginning of the new year? #3. 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). This multi-year contract includes an initial award of nearly $55Mn to support the clinical validation and FDA clearance of DeepView® for commercial marketing and distribution purposes, a major milestone that enables the technology to become a key component of the U.S. government’s BMCI preparedness efforts. The initial award places up to 30 DeepView® devices at various burn centers and emergency rooms to support the clinical validation study and will transition to being used in routine care upon FDA clearance. The contract also includes options with an additional total value of approximately $95Mn and can be exercised for additional product development, procurement, and deployment of DeepView® at U.S. emergency departments, trauma centers and burn centers in a phased approach. These deployments will enable SMD to conduct health economic and outcome research to support broader clinical adoption of the DeepView® System. ... “We appreciate that our DeepView® platform has been selected to address a critical need in preparing our country for possible BMCI events,” said Wensheng Fan, the Company’s CEO. “This is a significant contract award that enables us to accelerate the late-stage clinical development and commercialization of our DeepView® System. We are most grateful to BARDA for enabling us to help physicians and their burn patients who will benefit from the use of DeepView®. For the first time, there will be an accurate and objective solution in burn wound healing assessment to guide treatment. Spectral MD is committed to the development of impactful medical technologies, and we will aim to bring DeepView® to market as quickly as possible.” ... [Read the full article here.]( ----- MDAI Recap - The 3 Top Potential Catalysts To Focus On Now #1. A Low Float Could Provide The Potential For Wild Volatility. #2. Early Announcements In 2024 Show A Company Ready For Big Things Starting This Year. #3. A Game-Changing Contract Awarded To MDAI For Over $100Mn To Advance DeepView® System! ----- Coverage is officially reinitiated on Spectral AI, Inc. (MDAI). When updates are available, I'll get them out to you quickly. Talk soon. Sincerely, FierceAnalyst | Jaks Swift Editorial Writer (Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.) FierceInvestor (FierceInvestor . com) is owned by SWN Media LLC, a limited liability company. Ownership of FI has now moved to a single individual. Disclosure: I am not a lic-ensed fina-ncial adviser. Make sure to always do your own research and due diligence on any day and swing profile I bring to your attention. Fierce full disclosure is to be read and fully understood before using Fierce's website, or joining Fierce's email or text list. 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