Braiin (NASDAQ:BRAI) Trading Up 7% – Time to Buy?

Braiin Ltd (NASDAQ:BRAI)’s stock price shot up 7% during trading on Wednesday . The company traded as high as $6.26 and last traded at $6.2040. 80,304 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 313,198 shares. The stock had previously closed at $5.80.

Analyst Ratings Changes

A number of analysts have weighed in on BRAI shares. Wall Street Zen upgraded Braiin from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. Weiss Ratings initiated coverage on 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 research note on Monday, June 15th. They set a “buy” rating and a $10.00 target price for the company. Finally, Zacks Research upgraded Braiin to a “hold” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

Braiin Stock Down 1.0%

The business has a 50 day moving average of $7.55.

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.