Airship AI (NASDAQ:AISP) Stock Price Down 0.2% - Here's What Happened

Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s share price fell 0.2% on Tuesday . The stock traded as low as $4.98 and last traded at $5.11. 597,238 shares changed hands during trading, a decline of 61% from the average session volume of 1,544,382 shares. The stock had previously closed at $5.12.

Analyst Ratings Changes

Several research firms have weighed in on AISP. Wall Street Zen cut Airship AI from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of Airship AI in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $6.00.

Airship AI Trading Down 0.2%

The company has a market cap of $163.05 million, a PE ratio of -2.56 and a beta of 0.31. The firm has a 50 day moving average of $5.15 and a two-hundred day moving average of $4.90.

Airship AI (NASDAQ:AISP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.75) earnings per share for the quarter. On average, research analysts forecast that Airship AI Holdings, Inc. will post 1.71 EPS for the current year.

Hedge Funds Weigh In On Airship AI

A number of hedge funds have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC raised its holdings in Airship AI by 112.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 75,700 shares of the company's stock worth $446,000 after acquiring an additional 40,000 shares during the last quarter. Bank of America Corp DE raised its holdings in Airship AI by 115.1% in the 2nd quarter. Bank of America Corp DE now owns 20,713 shares of the company's stock worth $122,000 after acquiring an additional 11,083 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Airship AI by 150.5% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,932 shares of the company's stock worth $64,000 after acquiring an additional 6,568 shares during the last quarter. Jump Financial LLC purchased a new position in Airship AI in the 2nd quarter worth approximately $486,000. Finally, XTX Topco Ltd purchased a new position in Airship AI in the 2nd quarter worth approximately $175,000. 5.89% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.