Weiss Ratings Reaffirms Sell (D-) Rating for Airship AI (NASDAQ:AISP)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Airship AI (NASDAQ:AISP), signaling continued negative outlook from analysts.
• Airship AI's stock performance has shown significant volatility, with a 1-year low of $1.90 and a 1-year high of $7.66, while currently trading at around $6.01.
• Despite some hedge fund investments, the overall sentiment is bearish, as Wall Street Zen also downgraded the stock from a "hold" rating to a "sell" rating recently.

Airship AI (NASDAQ:AISP - Get Free Report)'s stock had its "sell (d-)" rating restated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Airship AI from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.00.

Airship AI Stock Performance

NASDAQ AISP traded down $0.58 during mid-day trading on Wednesday, reaching $6.01. 866,664 shares of the stock were exchanged, compared to its average volume of 1,236,461. Airship AI has a 1-year low of $1.90 and a 1-year high of $7.66. The business's fifty day simple moving average is $5.04 and its 200 day simple moving average is $4.82. The stock has a market capitalization of $191.78 million, a PE ratio of -3.03 and a beta of 0.31.

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

Hedge Funds Weigh In On Airship AI

A number of hedge funds have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Airship AI during the 1st quarter valued at $3,045,000. Virtu Financial LLC acquired a new stake in Airship AI during the 1st quarter valued at $132,000. Kieckhefer Group LLC grew its holdings in Airship AI by 79.2% during the 1st quarter. Kieckhefer Group LLC now owns 13,440 shares of the company's stock valued at $52,000 after purchasing an additional 5,940 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in Airship AI by 112.0% during the 2nd 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. Finally, AQR Capital Management LLC grew its holdings in Airship AI by 91.3% during the 1st quarter. AQR Capital Management LLC now owns 82,863 shares of the company's stock valued at $320,000 after purchasing an additional 39,542 shares in the last quarter. Hedge funds and other institutional investors 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.

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