Airship AI (NASDAQ:AISP) Shares Down 2.5% – Here’s Why

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

Analyst Upgrades and Downgrades

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

Airship AI Stock Down 2.5%

The business’s 50-day moving average is $3.69 and its two-hundred day moving average is $4.69. The company 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 issued its quarterly earnings data on Friday, November 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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. Analysts predict that Airship AI Holdings, Inc. will post 1.71 EPS for the current year.

Insider Activity at Airship AI

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

Hedge Funds Weigh In On Airship AI

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. purchased a new stake in Airship AI in the first quarter worth $93,000. AQR Capital Management LLC lifted its position in shares of Airship AI by 91.3% during the 1st quarter. AQR Capital Management LLC now owns 82,863 shares of the company’s stock valued at $320,000 after buying an additional 39,542 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Airship AI during the 2nd quarter worth $30,000. Finally, Intech Investment Management LLC purchased a new stake in Airship AI in the 2nd quarter worth about $70,000. 5.89% of the stock is owned by institutional investors.

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.