Airship AI (NASDAQ:AISP) Stock Price Down 2.6% – Should You Sell?

Airship AI Holdings, Inc. (NASDAQ:AISP) dropped 2.6% on Friday . The stock traded as low as $2.59 and last traded at $2.63. Approximately 240,663 shares were traded during trading, a decline of 47% from the average daily volume of 451,098 shares. The stock had previously closed at $2.70.

Analyst Ratings Changes

AISP has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Airship AI in a report on Wednesday, January 21st. Wall Street Zen raised Airship AI from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Roth Mkm set a $8.00 price objective on Airship AI in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus target price of $8.00.

Airship AI Price Performance

The stock has a market capitalization of $90.39 million, a price-to-earnings ratio of 4.24 and a beta of 0.37. The stock has a 50-day moving average of $2.97 and a 200 day moving average of $3.84.

Airship AI (NASDAQ:AISP) last released its earnings results on Tuesday, February 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The business had revenue of $6.49 million for the quarter, compared to analyst estimates of $6.40 million. Sell-side analysts anticipate that Airship AI Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Airship AI news, President Paul M. Allen acquired 100,000 shares of Airship AI stock in a transaction on Monday, December 29th. The shares were purchased at an average cost of $2.74 per share, with a total value of $274,000.00. Following the completion of the purchase, the president owned 151,948 shares in the company, valued at $416,337.52. The trade was a 192.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 46.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position in shares of Airship AI by 1,177.9% in the 4th quarter. AQR Capital Management LLC now owns 243,261 shares of the company’s stock worth $703,000 after purchasing an additional 224,225 shares during the last quarter. Vanguard Group Inc. increased its holdings in Airship AI by 18.2% in the third quarter. Vanguard Group Inc. now owns 1,269,819 shares of the company’s stock valued at $6,565,000 after purchasing an additional 195,760 shares during the last quarter. Nuveen LLC lifted its stake in Airship AI by 119.0% in the fourth quarter. Nuveen LLC now owns 330,509 shares of the company’s stock valued at $955,000 after buying an additional 179,580 shares during the period. Geode Capital Management LLC lifted its stake in Airship AI by 44.2% in the second quarter. Geode Capital Management LLC now owns 459,461 shares of the company’s stock valued at $2,707,000 after buying an additional 140,793 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Airship AI during the fourth quarter worth about $371,000. Institutional investors and hedge funds 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.