Airship AI (NASDAQ:AISP) Trading Up 1.8% – What’s Next?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s stock price rose 1.8% during mid-day trading on Thursday . The stock traded as high as $2.25 and last traded at $2.22. 435,823 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 657,129 shares. The stock had previously closed at $2.18.

Analysts Set New Price Targets

AISP has been the topic of a number of recent research reports. Zacks Research cut shares of Airship AI from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Weiss Ratings downgraded shares of Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Wall Street Zen upgraded shares of Airship AI from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Roth Capital set a $6.50 price objective on shares of Airship AI in a research report on Monday, April 27th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell” and a consensus price target of $6.50.

Airship AI Stock Performance

The firm has a market capitalization of $76.11 million, a P/E ratio of -221.00 and a beta of 0.54. The stock has a fifty day moving average price of $2.59 and a two-hundred day moving average price of $2.69.

Airship AI (NASDAQ:AISP) last released its quarterly earnings data on Friday, May 8th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The company had revenue of $6.35 million for the quarter, compared to analysts’ expectations of $6.20 million. As a group, research analysts anticipate that Airship AI Holdings, Inc. will post -0.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airship AI

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its position in shares of Airship AI by 1,177.9% during the fourth quarter. AQR Capital Management LLC now owns 243,261 shares of the company’s stock worth $703,000 after buying an additional 224,225 shares during the period. Vanguard Group Inc. increased its position in Airship AI by 18.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,269,819 shares of the company’s stock valued at $6,565,000 after acquiring an additional 195,760 shares during the period. Lazard Asset Management LLC bought a new stake in Airship AI during the 1st quarter valued at $419,000. Nuveen LLC boosted its position in Airship AI by 119.0% during the 4th quarter. Nuveen LLC now owns 330,509 shares of the company’s stock worth $955,000 after acquiring an additional 179,580 shares during the period. Finally, Geode Capital Management LLC boosted its position in Airship AI by 44.2% during the 2nd quarter. Geode Capital Management LLC now owns 459,461 shares of the company’s stock worth $2,707,000 after acquiring an additional 140,793 shares during the period. Institutional investors own 5.89% of the company’s stock.

About Airship AI

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.