Marpai, Inc. (NASDAQ:MRAI) Director Robert Pons has increased his stake in the company, buying 5,000 shares of Marpai's Class A Common Stock at an average price of $0.8744 per share. The total value of the transaction amounted to approximately $4,372. These shares were acquired on May 28, as per the latest filings with the Securities and Exchange Commission.
The purchase price was a weighted average, with individual transactions occurring at prices ranging from $0.865 to $0.9176. The filing indicated that Pons is willing to provide full details of the share purchases at each price point upon request by Marpai, any of its security holders, or the SEC.
Following this transaction, Pons now owns a total of 84,200 shares in Marpai, reflecting his continued commitment to the company. Marpai, headquartered in Tampa, Florida, operates within the miscellaneous health and allied services sector and is recognized for its industrial applications and services.
Investors often monitor insider buying as it can be a sign of confidence in the company's future prospects. With this recent purchase, stakeholders may take note of Pons' bolstered investment in Marpai.
InvestingPro Insights
Following the recent insider buying activity by Director Robert Pons at Marpai, Inc. (NASDAQ:MRAI), investors may find the company's financial data and market performance indicators from InvestingPro of interest. Marpai's market capitalization has adjusted to a modest 9.28M USD, indicating a relatively small company size within the market. Despite the insider confidence suggested by the stock purchase, the company's Price/Earnings (P/E) ratio stands at -0.64, reflecting investor skepticism about future earnings potential.
The company's revenue for the last twelve months as of Q1 2024 reached 34.87M USD, with a notable growth of 25.45% during this period. However, the Revenue Growth (Quarterly) for Q1 2024 showed a decline of -23.65%, which might raise concerns about the company's short-term revenue trajectory. Additionally, Marpai's gross profit margin remains solid at 34.89%, which could be a positive signal for the company's ability to manage its costs and maintain profitability on its products and services.
InvestingPro Tips suggest that investors should consider both the company's revenue growth potential and its current market valuation when making investment decisions. With the stock price at a previous close of 0.9 USD, Marpai's shares are trading at 17.63% of their 52-week high, which may present a value opportunity for investors believing in the company's turnaround or long-term potential. For those interested in more in-depth analysis, there are additional tips available on InvestingPro, and users can take advantage of a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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