Airship AI (NASDAQ:AISP) Trading 1.4% Higher – What’s Next?

Airship AI Holdings, Inc. (NASDAQ:AISP)’s share price rose 1.4% during trading on Monday . The company traded as high as $2.93 and last traded at $2.80. Approximately 534,416 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 702,835 shares. The stock had previously closed at $2.76.

Analyst Upgrades and Downgrades

AISP has been the subject of a number of research analyst reports. Wall Street Zen lowered Airship AI from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Roth Mkm set a $6.50 target price on Airship AI in a report on Monday, April 27th. Zacks Research lowered Airship AI from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Weiss Ratings lowered Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell” and a consensus price target of $6.50.

Airship AI Stock Performance

The firm has a market cap of $96.43 million, a P/E ratio of -280.00 and a beta of 0.49. The stock has a fifty day simple moving average of $2.47 and a 200 day simple moving average of $2.82.

Airship AI (NASDAQ:AISP) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The company had revenue of $6.35 million during the quarter, compared to the consensus estimate of $6.20 million. Research analysts predict that Airship AI Holdings, Inc. will post -0.06 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Victor Huang acquired 40,000 shares of Airship AI stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average price of $2.24 per share, for a total transaction of $89,600.00. Following the completion of the transaction, the chief executive officer owned 4,012,567 shares in the company, valued at $8,988,150.08. The trade was a 1.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 46.80% of the company’s stock.

Institutional Trading of Airship AI

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Airship AI by 18.2% during the third 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 last quarter. Geode Capital Management LLC increased its position in Airship AI by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 498,501 shares of the company’s stock valued at $1,441,000 after acquiring an additional 23,013 shares during the last quarter. State Street Corp increased its position in Airship AI by 6.8% during the fourth quarter. State Street Corp now owns 345,034 shares of the company’s stock valued at $997,000 after acquiring an additional 22,069 shares during the last quarter. Nuveen LLC increased its position in Airship AI by 119.0% during the fourth quarter. Nuveen LLC now owns 330,509 shares of the company’s stock valued at $955,000 after acquiring an additional 179,580 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased its position in Airship AI by 3.7% during the third quarter. Essex Investment Management Co. LLC now owns 320,202 shares of the company’s stock valued at $1,655,000 after acquiring an additional 11,410 shares during the last quarter. Hedge funds and other 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.