Tearsheet

MultiSensor AI (MSAI)


Market Price (5/10/2026): $5.88 | Market Cap: $7.2 Mil
Sector: Industrials | Industry: Electrical Components & Equipment

MultiSensor AI (MSAI)


Market Price (5/10/2026): $5.88
Market Cap: $7.2 Mil
Sector: Industrials
Industry: Electrical Components & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -336%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Autonomous Technologies. Themes include Edge AI, AI Software Platforms, Show more.

Weak multi-year price returns
2Y Excs Rtn is -139%, 3Y Excs Rtn is -179%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -208%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -25%, Rev Chg QQuarterly Revenue Change % is -0.9%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 30%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -144%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -174%

Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 2825%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -166%

High stock price volatility
Vol 12M is 3959%

Key risks
MSAI key risks include [1] a significant going concern risk stemming from severe financial distress and recurring net losses, Show more.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -336%
1 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, and Autonomous Technologies. Themes include Edge AI, AI Software Platforms, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -139%, 3Y Excs Rtn is -179%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -208%
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -25%, Rev Chg QQuarterly Revenue Change % is -0.9%
5 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 30%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -144%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -174%
7 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 2825%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -166%
9 High stock price volatility
Vol 12M is 3959%
10 Key risks
MSAI key risks include [1] a significant going concern risk stemming from severe financial distress and recurring net losses, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

MultiSensor AI (MSAI) stock has lost about 50% since 1/31/2026 because of the following key factors:

1. Reverse Stock Split and Subsequent Price Decline. MultiSensor AI executed a 1-for-40 reverse stock split on April 13, 2026, a move often perceived negatively by investors as it can indicate underlying financial difficulties and efforts to maintain listing compliance. While the split helped the company regain Nasdaq minimum bid price compliance, it did not prevent continued stock weakness.

2. Dilutive Capital Raising Activities. The company initiated potentially dilutive financing actions, including an at-the-market (ATM) sales agreement of up to $60,000,000 from March 13, 2026, and an S-3 shelf registration with potential proceeds of $28.0 million from warrants. Such offerings, while providing capital, can increase the number of outstanding shares and dilute the value for existing shareholders, contributing to downward pressure on the stock.

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Stock Movement Drivers

Fundamental Drivers

The -48.6% change in MSAI stock from 1/31/2026 to 5/9/2026 was primarily driven by a -29.2% change in the company's Shares Outstanding (Mil).
(LTM values as of)13120265092026Change
Stock Price ($)11.565.95-48.6%
Change Contribution By: 
Total Revenues ($ Mil)66-0.2%
P/S Multiple1.81.3-27.2%
Shares Outstanding (Mil)11-29.2%
Cumulative Contribution-48.6%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/9/2026
ReturnCorrelation
MSAI-48.6% 
Market (SPY)3.6%12.6%
Sector (XLI)5.0%6.1%

Fundamental Drivers

The -90.5% change in MSAI stock from 10/31/2025 to 5/9/2026 was primarily driven by a -86.1% change in the company's P/S Multiple.
(LTM values as of)103120255092026Change
Stock Price ($)62.405.95-90.5%
Change Contribution By: 
Total Revenues ($ Mil)66-0.7%
P/S Multiple9.41.3-86.1%
Shares Outstanding (Mil)11-31.2%
Cumulative Contribution-90.5%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/9/2026
ReturnCorrelation
MSAI-90.5% 
Market (SPY)5.5%10.6%
Sector (XLI)12.4%5.1%

Fundamental Drivers

The -79.9% change in MSAI stock from 4/30/2025 to 5/9/2026 was primarily driven by a -57.2% change in the company's P/S Multiple.
(LTM values as of)43020255092026Change
Stock Price ($)29.595.95-79.9%
Change Contribution By: 
Total Revenues ($ Mil)76-25.0%
P/S Multiple3.11.3-57.2%
Shares Outstanding (Mil)11-37.4%
Cumulative Contribution-79.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/9/2026
ReturnCorrelation
MSAI-79.9% 
Market (SPY)30.4%7.5%
Sector (XLI)33.8%4.4%

Fundamental Drivers

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Market Drivers

4/30/2023 to 5/9/2026
ReturnCorrelation
MSAI-98.6% 
Market (SPY)78.7%4.3%
Sector (XLI)81.1%3.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MSAI Return-1%4%-67%-45%-84%-50%-99%
Peers Return14%-12%5%5%10%28%56%
S&P 500 Return27%-19%24%23%16%7%95%

Monthly Win Rates [3]
MSAI Win Rate50%83%67%33%25%20% 
Peers Win Rate65%42%48%50%48%68% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
MSAI Max Drawdown-1%0%-74%-56%-84%-99% 
Peers Max Drawdown-7%-31%-14%-14%-21%-3% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: EMR, ROK, HON, TDY, CGNX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/8/2026 (YTD)

How Low Can It Go

EventMSAIS&P 500
2025 US Tariff Shock
  % Loss-55.5%-18.8%
  % Gain to Breakeven124.5%23.1%
  Time to Breakeven140 days79 days

Compare to EMR, ROK, HON, TDY, CGNX

In The Past

MultiSensor AI's stock fell -55.5% during the 2025 US Tariff Shock. Such a loss loss requires a 124.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventMSAIS&P 500
2025 US Tariff Shock
  % Loss-55.5%-18.8%
  % Gain to Breakeven124.5%23.1%
  Time to Breakeven140 days79 days

Compare to EMR, ROK, HON, TDY, CGNX

In The Past

MultiSensor AI's stock fell -55.5% during the 2025 US Tariff Shock. Such a loss loss requires a 124.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About MultiSensor AI (MSAI)

MultiSensor AI Holdings, Inc. manufactures, distributes, and sells infrared camera systems for thermographic use in the United States and internationally. It offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles. The company also provides software and services, including training, calibration, and repairs. It serves oil and gas, distribution and logistics, manufacturing, and utility sectors. The company was formerly known as Infrared Cameras Holdings, Inc. and changed its name to MultiSensor AI Holdings, Inc. in February 2024. MultiSensor AI Holdings, Inc. was founded in 1995 and is headquartered in Beaumont, Texas.

AI Analysis | Feedback

Here are 1-3 brief analogies for MultiSensor AI:

  • MultiSensor AI is like an industrial-grade version of a smart camera system such as Ring or Nest, but their advanced multi-sensor and thermal devices are designed to monitor and inspect industrial facilities like factories, utility grids, and logistics operations for businesses, not homes.
  • Imagine a highly specialized branch of an industrial technology leader like Honeywell or Siemens, dedicated to developing and deploying advanced thermal and multi-sensor camera systems for critical infrastructure and manufacturing.
  • They are like a GE Healthcare for industrial diagnostics, using advanced thermal and multi-sensor 'imaging' to detect issues and monitor conditions in factories, pipelines, and other industrial infrastructure.

AI Analysis | Feedback

  • Handheld Sensor Devices: Portable infrared camera systems ranging from small to large designs, equipped with built-in displays and controls.
  • Fixed-Mounted Camera Systems: Stationary pan-tilt-zoom single- and multi-sensor camera systems designed for standalone operation.
  • Mobile Multi-Sensor Payload Systems: Gimbal systems and payloads specifically designed for integration with unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVs).
  • Software: Programs and applications that complement their infrared camera systems.
  • Training: Educational services provided to customers on the use and operation of their products.
  • Calibration: Services to ensure the accuracy and reliability of their infrared camera systems.
  • Repairs: Maintenance and repair services for their manufactured camera systems and devices.

AI Analysis | Feedback

MultiSensor AI (MSAI) primarily sells its infrared camera systems and related services to other companies rather than individuals.

Based on the provided company description, its major customers are companies operating within the following sectors:

  • Companies in the Oil and Gas sector
  • Companies in the Distribution and Logistics sector
  • Companies in the Manufacturing sector
  • Companies in the Utility sector

AI Analysis | Feedback

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AI Analysis | Feedback

Asim Akram, Chief Executive Officer and President

Asim Akram joined MultiSensor AI as Chief Executive Officer and President effective June 23, 2025. He began his career in technology consulting at global firms such as Accenture and KPMG. Mr. Akram founded and scaled Orion, a SaaS platform company, where he successfully built a recurring-revenue model and led expansion across North America. He also held multiple executive roles at Honeywell, leading global businesses and playing a key role in M&A integration efforts in Honeywell's fire and safety business. Most recently, he led the transportation business at ORBCOMM, where he successfully grew operations by forming strategic alliances and expanding its global footprint.

Robert Nadolny, Chief Financial Officer

Robert Nadolny was promoted to Chief Financial Officer in January 2025, having joined MultiSensor AI in August 2024 as VP – Controller. Prior to his tenure at MultiSensor AI, Mr. Nadolny spent 13 years at Ernst & Young, LLP (EY), serving in various roles where he assisted clients with financial statement and internal control assessments, analyzed financial forecasts, and developed analytic solutions. He is a Certified Public Accountant and holds a B.B.A. and M.P.A. in Accounting from The University of Texas at Austin McCombs School of Business.

Peter Baird, Chief Commercial Officer

Peter Baird transitioned from Chief Financial Officer to Chief Commercial Officer in January 2025. He has been instrumental in establishing MultiSensor AI's financial foundation and brings extensive experience in developing and leading growing organizations.

Shuaib Hanief, VP - Engineering and Innovation

Shuaib Hanief joined MultiSensor AI in July 2025 as VP - Engineering and Innovation. With over 20 years of experience, he has a track record of building and scaling engineering organizations, driving technical excellence and innovation. Mr. Hanief has served as a fractional Chief Technology Officer at Solmation LLC since 2009. He also co-founded Fee Favor, an online marketplace, and launched two SaaS platforms, Patron Engage and Practice Revive.

Todd McKellar, VP - Global Sales

Todd McKellar joined MultiSensor AI in 2025 as VP - Global Sales. He is a global revenue leader with significant experience in developing go-to-market strategies, fostering strategic partnerships, and scaling revenue for high-growth technology and data companies. Most recently, he served as Vice President of Sales at Jaxon AI, where he led enterprise go-to-market initiatives. Earlier in his career, Mr. McKellar held senior leadership roles at PlaceIQ, Scandit, and Intertrust Technologies.

AI Analysis | Feedback

The key risks to MultiSensor AI (MSAI) are as follows:

1. Significant Financial Risks and Going Concern Doubt

MultiSensor AI faces substantial financial risks, including a history of net losses and negative cash flows, which raise "substantial doubt about its ability to continue as a going concern". The company has exhibited negative operating and net margins, indicating persistent profitability challenges. Recent financial reports show a net loss exceeding $3.32 million on revenues of approximately $1.42 million for a quarter, highlighting an inability to sustain operational expenses despite a relatively high gross profit margin. Furthermore, the company's Altman Z-Score suggests a potential risk of bankruptcy within the next two years. To enhance financial flexibility, MultiSensor AI recently entered an "at-the-market" sales agreement to offer up to $60 million of common stock, which could lead to dilution for existing shareholders.

2. Intense Technological Competition and Need for Continuous Innovation

The company operates within a "rapidly changing technological landscape, requiring continuous innovation and adaptation". Failure to develop new products, adapt to emerging technologies, or effectively expand its Software-as-a-Service (SaaS) capabilities could result in significant competitive disadvantages. The AI sector, where MultiSensor AI operates, is marked by mounting competitive pressures as industry players vie for market dominance. The company's future success is highly dependent on its ability to keep pace with technological advancements and successfully integrate AI-driven solutions.

3. Limited Market Share and Customer Acquisition Challenges

MultiSensor AI currently holds less than 0.1% market share within its estimated $10.7 billion total addressable market in the United States. The loss of a significant customer could "materially affect financial results" given its small market penetration. The company faces uncertainties related to customer demand for its evolving SaaS offerings and the scalability of its infrastructure. Expanding its sales and marketing efforts and effectively growing its network of distributors are critical to improving its market position and addressing its low market share.

AI Analysis | Feedback

The increasing commoditization of thermal imaging technology and its integration as a feature into more general-purpose devices, such as advanced commercial drones, smartphones (via attachments), and broad industrial IoT sensor platforms, presents a clear emerging threat. This trend, driven by larger electronics manufacturers and tech companies, could offer "good enough" thermographic capabilities at a significantly lower cost or as part of a multi-functional system, potentially eroding the market for specialized, standalone infrared camera systems and putting pressure on pricing and demand for companies like MultiSensor AI.

AI Analysis | Feedback

MultiSensor AI (MSAI) operates in several significant addressable markets related to thermal imaging and sensor technologies.

The global thermal imaging market, which encompasses infrared camera systems and various applications, was estimated at USD 14.9 billion in 2025 and is projected to reach USD 41.3 billion by 2035, growing at a compound annual growth rate (CAGR) of 10.8% from 2026 to 2035. Other estimates place the global thermal imaging market size at USD 8.29 billion in 2025, predicted to increase to approximately USD 17.41 billion by 2035 with a CAGR of 7.70% from 2026 to 2035. In 2024, the market was valued at USD 7.31 billion and is expected to reach USD 13.83 billion by 2032, with a CAGR of 8.30%. North America was the largest region in the thermal imaging market in 2025, with the U.S. market alone valued at USD 3.8 billion in 2025. Europe's thermal imaging market accounted for USD 3.7 billion in 2025.

Focusing specifically on the infrared (IR) camera market, which is a core product for MultiSensor AI, the global market size was valued at USD 9.85 billion in 2025 and is estimated to reach USD 19.12 billion by 2034, demonstrating a CAGR of 7.7% during the forecast period. Another report indicates the global IR camera market size was USD 8.02 billion in 2023 and is projected to reach USD 14.98 billion by 2032, growing at a CAGR of 7.19% from 2024 to 2032. The U.S. IR camera market was valued at USD 3.36 billion in 2025 and is projected to reach USD 3.76 billion in 2026. Handheld infrared cameras, a product type offered by MSAI, accounted for the largest market share of 52.6% in 2025 globally. The industrial & manufacturing segment held approximately 38.40% of the infrared camera market share in 2025.

For infrared sensor devices, the broader market was valued at USD 1,173.70 million in 2025 and is projected to grow to USD 2,294.20 million by 2034, with a CAGR of 7.8%. Another estimate places the global infrared sensor market size at USD 711.4 million in 2023, expected to grow to USD 1,516.4 million by 2030 at a CAGR of 12.2% from 2024 to 2030. North America is a significant market for infrared sensors, holding approximately 40% of the global share.

In the specialized area of mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVs):

  • The global market for drones with AI thermal imaging was valued at US$ 3,114 million in 2025 and is anticipated to reach US$ 7,015 million by 2032, exhibiting a CAGR of 12.3% from 2026 to 2032. Separately, the global thermal drone market is projected to reach USD 15.2 billion by 2032, growing at a CAGR of 11.48% from 2024 to 2032. North America holds approximately 45% of the global thermal drone market share.
  • The global unmanned ground vehicles (UGV) market is projected to grow from USD 2.81 billion in 2025 to USD 4.45 billion by 2031, at a CAGR of 8.06% from 2026 to 2031. North America is the largest market for UGVs, accounting for approximately 45% of the global market share and 39.12% of total revenue in 2025. Military platforms represented 69.63% of UGV revenue share in 2025.

AI Analysis | Feedback

MultiSensor AI (MSAI) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

  1. Transition to a Software-Centric (SaaS) Model and Recurring Revenue Growth: MultiSensor AI is strategically shifting its focus from a hardware-centric model to a scalable, software-centric platform, emphasizing its proprietary AI algorithms and the MSAI Connect platform, which uses AWS infrastructure. This transition is expected to lead to rising margins and scalable growth, with a growing recurring revenue model driven by SaaS subscriptions. Software revenue has already demonstrated significant growth, with a 114% increase in Q3 2025 compared to Q3 2024, and a 37% increase in Q2 2025 compared to Q2 2024.
  2. Expansion of the Connected Sensor Base and MSAI Connect Platform Adoption: The company is seeing a substantial increase in the number of active sensors connected to its MSAI Connect platform. As of September 30, 2025, approximately 665 active sensors were connected, representing a 167% increase year-over-year from September 30, 2024, and a 9% increase quarter-over-quarter. This growing sensor base directly contributes to the expansion of its recurring SaaS revenue.
  3. Penetration into New High-Growth Markets and Customer Expansion: MultiSensor AI is actively expanding its target applications to include the data center market, where successful pilot programs have validated its solutions for cooling management and server load balancing, with a focused go-to-market effort planned for the second half of 2025. The company is also deepening its presence in automotive manufacturing with new pilot implementations with "Big-3" automakers for monitoring lithium-ion battery packs and enhancing early fire detection. Furthermore, it is expanding its footprint with a global distributor by launching new applications for monitoring rooftop solar installations, critical power systems, and last-mile infrastructure.
  4. Introduction of New and Enhanced Product and Solution Offerings: MultiSensor AI continues to innovate its product portfolio. In February 2024, it unveiled the SmartIR 2.0 (MSAI Cloud) software platform, which added new sensor modalities and AI-powered analytics capabilities. The company has also realigned its solutions into Early Threat Detection (ETD) and Reliability Maintenance Engineering (RME) offerings, simplified its go-to-market strategy with "Resolution Kits," and launched the MSAI Hub, an edge gateway designed to reduce installation complexity. These new offerings aim to enhance customer value and drive market adoption.
  5. Leveraging Advanced AI and Multi-Sensor Technologies: MultiSensor AI's integrated solutions utilize data from an array of sensors, including high-resolution thermal imagers, visible and acoustic imagers, as well as vibration and laser spectroscopy sensors. The company's proprietary AI algorithms and data network effects are continually improving model accuracy over time, positioning it for long-term revenue growth through more effective predictive maintenance and process control solutions. The appointment of new leadership in sales, product, and engineering, with expertise in SaaS scaling and technology leadership, is expected to optimize go-to-market execution and enhance AI infrastructure.

AI Analysis | Feedback

Share Repurchases

No information available regarding share repurchases or authorized future share repurchases for MultiSensor AI over the last 3-5 years.

Share Issuance

  • MultiSensor AI entered into an at-the-market (ATM) sales agreement on March 13, 2026, to offer and sell up to $60,000,000 of common stock, with proceeds intended for working capital and general corporate purposes.
  • The company announced a private placement on October 24, 2025, to raise approximately $14 million through the sale of 34,229,829 shares of common stock and warrants, with an initial closing on October 27, 2025, generating about $2.8 million.
  • Shareholders approved the issuance of shares in excess of 19.99% of outstanding common stock related to the October 2025 purchase agreement on December 19, 2025.

Inbound Investments

  • A $14 million private placement on October 24, 2025, was anchored by 325 Capital, LLC, along with other existing and new investors.
  • As of December 31, 2025, Ayrton Capital LLC, Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B, and Waqas Khatri collectively reported beneficial ownership of 9.99% of the common stock.

Outbound Investments

No information available regarding outbound investments made by MultiSensor AI over the last 3-5 years.

Capital Expenditures

  • MultiSensor AI reported capital expenditures of -$2.34 million in the last 12 months, as of March 13, 2026.

Trade Ideas

Select ideas related to MSAI.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
GEO_4302026_Dip_Buyer_ValueBuy04302026GEOGEODip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
RUN_4302026_Short_Squeeze04302026RUNSunrunSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
0.0%0.0%0.0%
RSG_4172026_Monopoly_xInd_xCD_Getting_Cheaper04172026RSGRepublic ServicesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.8%0.8%-1.1%
VRSK_4102026_Dip_Buyer_FCFYield04102026VRSKVerisk AnalyticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
12.3%12.3%0.0%
UHAL_4102026_Monopoly_xInd_xCD_Getting_Cheaper04102026UHALU-HaulMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.3%0.3%-1.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MSAIEMRROKHONTDYCGNXMedian
NameMultiSen.Emerson .Rockwell.Honeywel.Teledyne.Cognex  
Mkt Price5.95141.31453.89213.12621.3865.66177.22
Mkt Cap0.079.250.9135.328.810.939.8
Rev LTM618,3168,80436,7636,2261,0477,515
Op Inc LTM-123,6551,6696,3191,1851961,427
FCF LTM-103,1151,339-1,0542411,054
FCF 3Y Avg-112,2621,152-976160976
CFO LTM-83,5581,535-1,1832501,183
CFO 3Y Avg-92,6861,361-1,0831751,083

Growth & Margins

MSAIEMRROKHONTDYCGNXMedian
NameMultiSen.Emerson .Rockwell.Honeywel.Teledyne.Cognex  
Rev Chg LTM-25.0%4.0%10.5%6.4%7.9%13.8%7.2%
Rev Chg 3Y Avg-8.2%2.2%0.9%4.1%4.7%4.1%
Rev Chg Q-0.9%2.9%11.9%2.4%7.6%24.3%5.3%
QoQ Delta Rev Chg LTM-0.2%0.7%2.8%0.6%1.8%5.3%1.3%
Op Inc Chg LTM29.2%13.3%43.1%-3.4%11.1%54.7%21.2%
Op Inc Chg 3Y Avg-14.1%5.5%-2.5%6.2%7.2%6.2%
Op Mgn LTM-207.8%20.0%19.0%17.2%19.0%18.8%18.9%
Op Mgn 3Y Avg-258.2%18.2%16.9%18.3%18.6%15.4%17.5%
QoQ Delta Op Mgn LTM16.5%0.1%0.9%-0.1%0.2%2.4%0.6%
CFO/Rev LTM-144.5%19.4%17.4%-19.0%23.9%19.0%
CFO/Rev 3Y Avg-146.2%15.2%15.9%-18.4%18.2%15.9%
FCF/Rev LTM-173.9%17.0%15.2%-16.9%23.0%16.9%
FCF/Rev 3Y Avg-177.5%12.7%13.4%-16.6%16.6%13.4%

Valuation

MSAIEMRROKHONTDYCGNXMedian
NameMultiSen.Emerson .Rockwell.Honeywel.Teledyne.Cognex  
Mkt Cap0.079.250.9135.328.810.939.8
P/S1.34.35.83.74.610.44.5
P/Op Inc-0.621.730.521.424.355.723.0
P/EBIT-0.621.638.223.024.255.723.6
P/E-0.632.446.733.030.876.732.7
P/CFO-0.922.333.1-24.343.724.3
Total Yield-161.6%3.5%3.3%4.7%3.2%1.8%3.3%
Dividend Yield0.0%0.4%1.2%1.7%0.0%0.5%0.4%
FCF Yield 3Y Avg-2,299.6%3.4%3.4%-4.1%2.4%3.4%
D/E0.00.20.10.30.10.00.1
Net D/E-3.40.20.10.20.1-0.00.1

Returns

MSAIEMRROKHONTDYCGNXMedian
NameMultiSen.Emerson .Rockwell.Honeywel.Teledyne.Cognex  
1M Rtn3,468.4%-2.3%14.9%-9.7%-5.1%21.8%6.3%
3M Rtn-50.6%-9.9%9.7%-10.2%-4.0%55.2%-7.0%
6M Rtn-86.6%10.0%22.4%11.0%21.1%67.8%16.1%
12M Rtn-81.7%27.6%56.3%8.4%28.1%124.6%27.9%
3Y Rtn-98.6%81.4%76.9%22.1%50.1%33.3%41.7%
1M Excs Rtn3,460.0%-10.7%6.5%-18.1%-13.5%13.4%-2.1%
3M Excs Rtn-57.3%-16.6%3.0%-16.9%-10.8%48.5%-13.7%
6M Excs Rtn-96.2%-1.3%17.2%0.5%12.3%53.9%6.4%
12M Excs Rtn-113.6%-0.6%31.4%-23.8%-2.4%101.6%-1.5%
3Y Excs Rtn-179.5%-2.4%-9.4%-59.1%-29.7%-39.0%-34.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Hardware64  
Software11  
Services10  
Ancillary services  00
Product sales  727
Software and related services  01
Total75729


Price Behavior

Price Behavior
Market Price$5.95 
Market Cap ($ Bil)0.0 
First Trading Date11/16/2021 
Distance from 52W High-92.5% 
   50 Days200 Days
DMA Price$7.92$20.73
DMA Trenddowndown
Distance from DMA-24.9%-71.3%
 3M1YR
Volatility7,978.7%3,974.4%
Downside Capture2.222.54
Upside Capture27.70149.11
Correlation (SPY)12.7%7.9%
MSAI Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta101.8281.1966.7244.0524.026.25
Up Beta26.2053.0457.9569.7236.156.86
Down Beta4.670.121.121.211.460.81
Up Capture-104%-35%100%100%171%31%
Bmk +ve Days15223166141428
Stock +ve Days10182756116275
Down Capture1575%369%349%292%210%113%
Bmk -ve Days4183056108321
Stock -ve Days12253769135345

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MSAI
MSAI-82.3%3,958.6%0.96-
Sector ETF (XLI)31.0%15.6%1.534.4%
Equity (SPY)29.0%12.5%1.837.6%
Gold (GLD)39.8%27.0%1.22-1.6%
Commodities (DBC)50.6%18.0%2.218.6%
Real Estate (VNQ)13.0%13.5%0.662.4%
Bitcoin (BTCUSD)-17.4%42.1%-0.345.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MSAI
MSAI-57.4%2,228.0%0.52-
Sector ETF (XLI)12.7%17.4%0.572.8%
Equity (SPY)12.8%17.1%0.593.6%
Gold (GLD)20.9%17.9%0.95-0.8%
Commodities (DBC)13.8%19.1%0.595.4%
Real Estate (VNQ)3.4%18.8%0.081.3%
Bitcoin (BTCUSD)7.0%56.0%0.342.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MSAI
MSAI-34.7%2,228.0%0.52-
Sector ETF (XLI)13.9%20.0%0.612.8%
Equity (SPY)15.1%17.9%0.723.6%
Gold (GLD)13.4%15.9%0.69-0.8%
Commodities (DBC)9.3%17.8%0.445.4%
Real Estate (VNQ)5.8%20.7%0.241.3%
Bitcoin (BTCUSD)67.8%66.9%1.072.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 3312026-94.6%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1.5 days
Basic Shares Quantity1.2 Mil
Short % of Basic Shares8.2%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/19/2026-15.9%-20.7%-42.9%
11/13/2025-17.7%-35.9%-58.9%
8/13/2025-6.8%-16.8%-8.1%
3/28/2025-17.0%-20.0%-30.4%
11/12/2024-6.3%-16.9%-19.5%
8/19/2024-11.9%-4.0%-9.7%
5/20/20240.0%-5.2%-16.3%
SUMMARY STATS   
# Positive100
# Negative677
Median Positive0.0%  
Median Negative-13.9%-16.9%-19.5%
Max Positive0.0%  
Max Negative-17.7%-35.9%-58.9%

SEC Filings

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Report DateFiling DateFiling
12/31/202503/19/202610-K
09/30/202511/13/202510-Q
06/30/202508/13/202510-Q
03/31/202505/13/202510-Q
12/31/202403/28/202510-K
09/30/202411/12/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202303/29/202410-K
09/30/202312/21/2023424B3
03/31/202307/10/2023PRER14A

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Strahan, Gary Eugene DirectSell72920250.7842,77533,2702,545,209Form
2Strahan, Gary Eugene DirectSell72120250.7589,26567,0564,300,132Form
3Strahan, Gary Eugene DirectSell72120250.7534,95926,1774,353,236Form
4Strahan, Gary Eugene DirectSell72120250.813632934,716,876Form
5Strahan, Gary Eugene DirectSell70920250.6726,96917,9783,898,902Form