Airship AI (NASDAQ:AISP) Announces Earnings Results

Key Points

• Airship AI reported a quarterly loss of $0.04 per share, which missed analysts’ expectations of a $0.01 loss by $0.03.
• The stock edged higher on the day, trading up to $2.55, with volume slightly below its average; shares remain well below the 52-week high of $7.20.
• Sentiment remains cautious: analysts currently rate AISP a consensus “Sell,” though Roth Mkm maintained a $6.50 price target and CEO Victor Huang bought 40,000 shares in March.

Airship AI (NASDAQ:AISP - Get Free Report) announced its quarterly earnings results on Friday. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03), Zacks reports.

Airship AI Price Performance

Shares of AISP stock traded up $0.03 during trading hours on Friday, hitting $2.55. 481,768 shares of the company's stock were exchanged, compared to its average volume of 505,616. The stock's 50-day moving average is $2.45 and its 200-day moving average is $3.08. Airship AI has a 52 week low of $2.03 and a 52 week high of $7.20.

Insider Activity

In other news, CEO Victor Huang purchased 40,000 shares of the business's stock in a transaction dated Friday, March 20th. The shares were acquired at an average price of $2.24 per share, with a total value of $89,600.00. Following the completion of the purchase, the chief executive officer directly owned 4,012,567 shares of the company's stock, valued at $8,988,150.08. The trade was a 1.01% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 46.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Airship AI

Large investors have recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Airship AI during the third quarter valued at $31,000. JPMorgan Chase & Co. lifted its stake in shares of Airship AI by 90.9% during the second quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company's stock valued at $56,000 after acquiring an additional 4,556 shares during the period. Kovack Advisors Inc. acquired a new position in shares of Airship AI during the fourth quarter valued at $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Airship AI by 150.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,932 shares of the company's stock valued at $64,000 after acquiring an additional 6,568 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Airship AI by 1,793.3% during the third quarter. Russell Investments Group Ltd. now owns 14,787 shares of the company's stock valued at $76,000 after acquiring an additional 14,006 shares during the period. Institutional investors and hedge funds own 5.89% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Airship AI in a report on Wednesday, January 21st. Roth Mkm set a $6.50 target price on Airship AI in a report on Monday, April 27th. Finally, Zacks Research cut Airship AI from a "hold" rating to a "strong sell" rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Airship AI presently has a consensus rating of "Sell" and a consensus price target of $6.50.

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.

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