Airship AI (NASDAQ:AISP) Announces Earnings Results

Airship AI (NASDAQ:AISP) posted its earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01), Zacks reports. The business had revenue of $4.12 million for the quarter, compared to the consensus estimate of $5.00 million.

Airship AI Price Performance

Shares of AISP stock opened at $1.92 on Friday. The firm has a market cap of $66.12 million, a PE ratio of -192.00 and a beta of 0.58. Airship AI has a 1-year low of $1.69 and a 1-year high of $7.20. The company has a 50-day moving average of $2.40 and a two-hundred day moving average of $2.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AISP shares. Weiss Ratings lowered Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Zacks Research raised Airship AI from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Roth Capital set a $6.50 price objective on shares of Airship AI in a report on Monday, April 27th. Finally, Wall Street Zen raised shares of Airship AI from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $6.50.

Hedge Funds Weigh In On Airship AI

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mariner LLC raised its stake in shares of Airship AI by 32.5% during the fourth quarter. Mariner LLC now owns 16,854 shares of the company’s stock valued at $49,000 after purchasing an additional 4,134 shares in the last quarter. JPMorgan Chase & Co. grew its position in Airship AI by 90.9% in the second quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock worth $56,000 after buying an additional 4,556 shares during the last quarter. Quarry LP acquired a new position in shares of Airship AI in the 3rd quarter worth $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 buying an additional 6,568 shares in the last quarter. Finally, Kovack Advisors Inc. acquired a new stake in Airship AI during the 4th quarter valued at $31,000. 5.89% of the stock is owned by institutional investors and hedge funds.

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. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.