Braiin (NASDAQ:BRAI) Stock Price Up 7% – Still a Buy?

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

Wall Street Analyst Weigh In

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

Braiin Price Performance

The stock has a 50-day simple 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.