MultiSensor AI Holdings, Inc. logo

MultiSensor AI Holdings, Inc.(MSAI)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$3.08
11/06/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for MSAI

11/06/2026: MSAI (1-star) is currently NOT-A-BUY. Pass it for now.

Infrared Cameras Holdings Inc is an emerging provider of thermal imaging and infrared camera systems designed for industrial and security applications. The company is known for its technical focus on high-precision sensing hardware, which has allowed it to secure a specialized market position. Its primary growth story revolves around the integration of AI-enabled software with its core hardware to provide automated predictive maintenance solutions. Key risks include intense competition from larger, well-capitalized industrial players and potential supply chain vulnerabilities. The stock may suit growth-oriented investors looking for exposure to the industrial technology sector, though they should monitor product innovation and large-scale contract wins closely.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company offers exposure to the expanding market for specialized industrial sensing technology.
Momentum investorMixed fitMomentum suitability depends on sustained positive price trends and technical breakout signals.
Value investorWeak fitThe company's current valuation is typically based on future growth potential rather than traditional value metrics.
Dividend investorWeak fitThe company does not pay dividends and reinvests all cash flow into growth.
Low-risk investorWeak fitSmall-cap exposure and industry competition contribute to higher potential price volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighSmaller market capitalization often leads to wider price swings based on news or market sentiment.
Valuation riskMedium / highGrowth expectations are already priced into the stock, leaving little margin for earnings misses.
Competition risk (Thermal Imaging Peers)HighLarge, established competitors can leverage scale to lower prices or dominate distribution channels.
Business qualityMediumThe company provides essential specialized technology but remains early in its maturity cycle.
Dividend incomeLow / noneInvestors seeking immediate income will not find this stock suitable.
Execution riskMedium / highSuccessful scaling requires consistent R&D execution and efficient manufacturing management.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit -42.42%
Avg. Invested days 13
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/06/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MSAI receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
MSAI has moderate overall fundamentals (3 stars), with soft financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+45.5%) is partially offset by weak cash generation (FCF margin -173.9%), negative revenue growth (-25.0%), weak profitability (net margin -211.0%).

Financial Health Rating

★★★★★
MSAI's financial health is soft, with the relatively strongest area being moderate liquidity, including working-capital and asset support (WC/assets 79.6%). Operating efficiency is soft (2 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is MSAI's strongest growth driver at +47.1% FY2025 versus FY2024 (strong, 5 stars). By comparison, earnings growth (+45.5%, strong) is also strong, while revenue growth (-25.0%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 37.9% and approximately 60.2% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 10.02% supports management-shareholder alignment.

Top 5 Institutional Investors

325 Capital LLC 30.02%
Bleichroeder LP 1.39%
Vanguard Capital Management, LLC 0.98%
Vanguard Fiduciary Trust Co 0.27%
Tower Research Capital LLC 0.08%

Unit Economics (Per $1K Revenue)

★★★★★
MSAI generates approximately $525 of gross profit, $-2,078 of operating income, and $-1,739 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.27%

Quantitative Style Profile

★★★★★
MSAI has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 6.79M USD
Price to earnings Ratio -
1Y Target Price 10
Price to earnings Ratio -
1Y Target Price 10
Volume (30-day avg) 9.9K shares
Beta -0.17
52 Weeks Range 2.84 - 52.40
Updated Date 11/06/2026
52 Weeks Range 2.84 - 52.40
Updated Date 11/06/2026
Dividends yield (FY) -
Basic EPS (TTM) -5.62

How Company Makes Money

Business areaWhat it includesRetail investor read
Thermal Imaging HardwareSale of cameras and sensors for industrial and security use.Revenue is driven by hardware sales, which are subject to industrial spending cycles.
Service and SupportMaintenance and calibration services for installed hardware.Recurring service revenue helps provide a baseline of stability beyond hardware sales.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Valuation

Trailing PE -
Forward PE 6.2
Enterprise Value 5.70M
Price to Sales(TTM) 1.08
Enterprise Value 5.70M
Price to Sales(TTM) 1.08
Enterprise Value to Revenue 0.91
Enterprise Value to EBITDA -2.05
Shares Outstanding 2.21M
Shares Floating 1.33M
Shares Outstanding 2.21M
Shares Floating 1.33M
Percent Insiders 10.02
Percent Institutions 37.87

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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