Airship AI (NASDAQ:AISP) Rating Lowered to Sell at Wall Street Zen

Key Points

• Airship AI has been downgraded by Wall Street Zen from a "hold" to a "sell" rating, reflecting concerns over its performance.
• Weiss Ratings has also reaffirmed a "sell (d-)" rating on the stock, contributing to a bearish consensus rating among analysts.
• Despite the downgrade, Airship AI shares traded up by 3.0%, reaching $5.84, and the stock has a current average target price of $6.00.

Airship AI (NASDAQ:AISP - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Friday.

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Airship AI in a report on Saturday, September 27th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $6.00.

Airship AI Trading Up 3.0%

Shares of NASDAQ AISP traded up $0.17 during midday trading on Friday, reaching $5.84. The company's stock had a trading volume of 2,296,011 shares, compared to its average volume of 984,099. The company has a 50 day moving average price of $4.98 and a 200 day moving average price of $4.78. Airship AI has a one year low of $1.90 and a one year high of $7.66. The company has a market cap of $186.35 million, a price-to-earnings ratio of -2.92 and a beta of 0.31.

Airship AI (NASDAQ:AISP - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.75) earnings per share (EPS) for the quarter. Research analysts anticipate that Airship AI will post 1.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC grew its position in Airship AI by 112.0% during the second quarter. Bridgeway Capital Management LLC now owns 75,700 shares of the company's stock valued at $446,000 after purchasing an additional 40,000 shares in the last quarter. Bank of America Corp DE grew its position in Airship AI by 115.1% during the second quarter. Bank of America Corp DE now owns 20,713 shares of the company's stock valued at $122,000 after purchasing an additional 11,083 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 purchasing an additional 6,568 shares in the last quarter. Jump Financial LLC purchased a new position in Airship AI during the second quarter valued at approximately $486,000. Finally, XTX Topco Ltd purchased a new position in Airship AI during the second quarter valued at approximately $175,000. 5.89% of the stock is owned by hedge funds and other institutional investors.

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.

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