Braiin (NASDAQ:BRAI) Stock Price Down 7.3% – Here’s What Happened

Braiin Ltd (NASDAQ:BRAI) traded down 7.3% during trading on Wednesday . The stock traded as low as $5.50 and last traded at $5.3750. 5,846 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 233,707 shares. The stock had previously closed at $5.80.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen upgraded Braiin from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Weiss Ratings initiated coverage on shares of Braiin in a research report on Wednesday, May 6th. They set a “sell (e+)” rating on the stock. Maxim Group assumed coverage on Braiin in a report on Monday, June 15th. They issued a “buy” rating and a $10.00 price target on the stock. Finally, Zacks Research upgraded shares of Braiin to a “hold” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Braiin Price Performance

The company has a 50 day simple moving average of $7.62.

About Braiin

Braiin Limited is an Australian technology company leveraging proprietary intellectual property and patented artificial intelligence/machine learning (“AI/ML”) technologies to deliver actionable insights across high-growth verticals: Agriculture, Property Technology, and Customer Experience as a Service (“CXaaS”). Our platforms are designed to address inefficiencies and drive data-backed decision-making across traditionally analog sectors. Our first commercial focus is on the agriculture technology sector, where we have successfully deployed our AI-powered solutions across multiple implementations.