Braiin (NASDAQ:BRAI) Trading Up 10.2% – Still a Buy?

Braiin Ltd (NASDAQ:BRAI)’s share price rose 10.2% during trading on Friday . The stock traded as high as $5.75 and last traded at $5.75. 27,855 shares changed hands during trading, a decline of 89% from the average daily volume of 261,094 shares. The stock had previously closed at $5.22.

Analysts Set New Price Targets

A number of research firms recently weighed in on BRAI. Wall Street Zen upgraded Braiin from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. Zacks Research upgraded shares of Braiin to a “hold” rating in a research report on Tuesday, June 16th. Weiss Ratings reissued a “sell (e+)” rating on shares of Braiin in a research note on Monday, August 3rd. Finally, Maxim Group initiated coverage on shares of Braiin in a report on Monday, June 15th. They issued a “buy” rating and a $10.00 price objective for the company. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Braiin has a consensus rating of “Hold” and an average price target of $10.00.

Braiin Stock Up 10.3%

The firm’s 50 day moving average price is $5.80.

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.