Airship AI (NASDAQ:AISP) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Airship AI (NASDAQ:AISP) issued its earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04), FiscalAI reports. The company had revenue of $4.12 million during the quarter, compared to the consensus estimate of $5.00 million.

Airship AI Stock Performance

Shares of AISP traded up $0.01 during midday trading on Thursday, hitting $1.92. 462,632 shares of the stock were exchanged, compared to its average volume of 352,740. The firm has a market cap of $66.12 million, a P/E ratio of -192.00 and a beta of 0.58. The stock has a fifty day simple moving average of $2.40 and a 200 day simple moving average of $2.53. Airship AI has a 52-week low of $1.69 and a 52-week high of $7.20.

Hedge Funds Weigh In On Airship AI

Several large investors have recently bought and sold shares of the business. Invesco Ltd. acquired a new position in shares of Airship AI in the 1st quarter valued at $93,000. AQR Capital Management LLC grew its position in Airship AI by 91.3% during the 1st quarter. AQR Capital Management LLC now owns 82,863 shares of the company’s stock worth $320,000 after purchasing an additional 39,542 shares during the last quarter. Geode Capital Management LLC increased its stake in Airship AI by 44.2% in the second quarter. Geode Capital Management LLC now owns 459,461 shares of the company’s stock valued at $2,707,000 after purchasing an additional 140,793 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Airship AI by 90.9% in the second quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock valued at $56,000 after buying an additional 4,556 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Airship AI in the second quarter valued at about $175,000. Hedge funds and other institutional investors own 5.89% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Roth Capital set a $6.50 price objective on shares of Airship AI in a research report on Monday, April 27th. Weiss Ratings downgraded Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Wall Street Zen raised Airship AI from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Zacks Research raised Airship AI from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $6.50.

Airship AI Company Profile

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.