Airship AI (NASDAQ:AISP) Stock Price Down 1.1% – What’s Next?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price traded down 1.1% during mid-day trading on Monday. The company traded as low as $1.74 and last traded at $1.80. 241,148 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 207,186 shares. The stock had previously closed at $1.82.

Analyst Ratings Changes

Several brokerages have issued reports on AISP. Zacks Research raised shares of Airship AI from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Wall Street Zen raised Airship AI from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, Weiss Ratings raised Airship AI from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Airship AI has an average rating of “Reduce” and an average price target of $6.50.

Airship AI Price Performance

The stock’s 50-day moving average is $1.99 and its two-hundred day moving average is $2.30. The company has a market cap of $64.58 million, a P/E ratio of 2.80 and a beta of 0.61.

Airship AI (NASDAQ:AISP) last posted its earnings results on Thursday, August 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $4.12 million during the quarter, compared to the consensus estimate of $5.00 million. Airship AI had a negative return on equity of 19.13% and a net margin of 144.60%. On average, analysts predict that Airship AI Holdings, Inc. will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Airship AI during the 4th quarter valued at about $39,000. Abel Hall LLC bought a new position in shares of Airship AI in the 1st quarter worth approximately $36,000. Bank of New York Mellon Corp purchased a new position in shares of Airship AI in the second quarter worth approximately $76,000. Sei Investments Co. purchased a new position in shares of Airship AI in the first quarter worth approximately $84,000. Finally, Hsbc Holdings PLC bought a new stake in Airship AI during the second quarter valued at approximately $96,000. Institutional investors own 5.89% of the company’s stock.

Airship AI Company Profile

Airship AI Holdings, Inc (NASDAQ:AISP) provides artificial intelligence-powered video, sensor and data-management solutions for government and commercial customers. Its technology is designed to help organizations collect, organize and analyze data from cameras, sensors and other sources to support situational awareness, security and operational decision-making.

The company’s product portfolio includes the Acropolis platform, which enables the management and analysis of video and other sensor data, along with edge-computing and related hardware and software solutions.