Braiin (NASDAQ:BRAI) Shares Gap Up – Time to Buy?

Braiin Ltd (NASDAQ:BRAI) gapped up prior to trading on Monday . The stock had previously closed at $5.51, but opened at $6.62. Braiin shares last traded at $7.3990, with a volume of 1,165,430 shares.

Analyst Upgrades and Downgrades

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

Braiin Price Performance

The company has a 50 day simple moving average of $7.59.

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.