Airship AI (NASDAQ:AISP) Trading Down 2.5% – Should You Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP) was down 2.5% during trading on Monday . The stock traded as low as $2.71 and last traded at $2.76. Approximately 1,099,730 shares traded hands during trading, an increase of 84% from the average daily volume of 597,322 shares. The stock had previously closed at $2.83.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Roth Capital set a $8.00 target price on shares of Airship AI in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airship AI in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Airship AI from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell” and an average target price of $8.00.

Airship AI Stock Down 2.5%

The company has a 50-day moving average price of $3.69 and a two-hundred day moving average price of $4.69. The stock has a market capitalization of $88.07 million, a P/E ratio of -1.37 and a beta of 0.32.

Airship AI (NASDAQ:AISP) last released its quarterly earnings data on Friday, November 14th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.13. The firm had revenue of $1.18 million during the quarter, compared to the consensus estimate of $8.30 million. On average, sell-side analysts expect that Airship AI Holdings, Inc. will post 1.71 earnings per share for the current year.

Insiders Place Their Bets

In other Airship AI news, CEO Victor Huang bought 51,000 shares of Airship AI stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average cost of $3.18 per share, for a total transaction of $162,180.00. Following the completion of the transaction, the chief executive officer directly owned 194,849 shares in the company, valued at $619,619.82. This represents a 35.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Louis Lebedin bought 50,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price of $3.18 per share, for a total transaction of $159,000.00. Following the completion of the purchase, the director directly owned 100,000 shares in the company, valued at approximately $318,000. The trade was a 100.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 46.80% of the stock is owned by insiders.

Institutional Trading of Airship AI

Large investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Airship AI in the second quarter worth approximately $30,000. Quarry LP purchased a new position in Airship AI in the 3rd quarter worth approximately $31,000. JPMorgan Chase & Co. increased its holdings in shares of Airship AI by 90.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock worth $56,000 after buying an additional 4,556 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Airship AI by 150.5% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,932 shares of the company’s stock worth $64,000 after buying an additional 6,568 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Airship AI during the 2nd quarter valued at $70,000. Institutional investors own 5.89% of the company’s stock.

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.