Airship AI (NASDAQ:AISP) Shares Down 1.1% - Here's What Happened

Key Points

• Airship AI shares fell 1.1% to $1.80 during Monday trading, with volume up 16% from the average session.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating and a $6.50 average price target, despite recent upgrades from “sell” to “hold.”
• The company missed quarterly expectations, reporting a $0.04 per-share loss versus the $0.03 loss expected and revenue of $4.12 million versus $5.00 million forecast. Institutional ownership stands at 5.89%, with BlackRock among recent investors.

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report) traded down 1.1% during mid-day trading on Monday. The stock traded as low as $1.74 and last traded at $1.80. Approximately 241,148 shares traded hands during trading, an increase of 16% from the average session volume of 207,186 shares. The stock had previously closed at $1.82.

Analysts Set New Price Targets

AISP has been the topic of several research analyst reports. Wall Street Zen raised shares of Airship AI from a "sell" rating to a "hold" rating in a research note on Saturday, September 5th. Zacks Research upgraded shares of Airship AI from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Airship AI from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Airship AI presently has an average rating of "Reduce" and an average target price of $6.50.

Airship AI Stock Down 1.1%

The company has a market cap of $61.99 million, a P/E ratio of 2.69 and a beta of 0.61. The firm has a fifty day moving average price of $1.99 and a 200 day moving average price of $2.30.

Airship AI (NASDAQ:AISP - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). The business had revenue of $4.12 million during the quarter, compared to the consensus estimate of $5.00 million. Airship AI had a net margin of 144.60% and a negative return on equity of 19.13%. On average, sell-side analysts anticipate that Airship AI Holdings, Inc. will post -0.06 earnings per share for the current year.

Hedge Funds Weigh In On Airship AI

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Airship AI during the second quarter valued at approximately $916,000. Lazard Asset Management LLC acquired a new stake in shares of Airship AI in the first quarter valued at approximately $419,000. Aristides Capital LLC bought a new position in Airship AI in the 4th quarter worth approximately $168,000. Hsbc Holdings PLC bought a new position in Airship AI in the 1st quarter worth approximately $115,000. Finally, Sei Investments Co. acquired a new position in Airship AI during the 1st quarter worth $84,000. 5.89% of the stock is owned by institutional investors.

Airship AI Company Profile

Airship AI Holdings, Inc NASDAQ: AISP provides artificial intelligence-powered video, sensor and data-management solutions for government and commercial customers. Its technology is designed to help organizations collect, organize and analyze data from cameras, sensors and other sources to support situational awareness, security and operational decision-making.

The company's product portfolio includes the Acropolis platform, which enables the management and analysis of video and other sensor data, along with edge-computing and related hardware and software solutions.

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