Airship AI (NASDAQ:AISP) Stock Falls 1.1% – Time to Sell?

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AISP. Wall Street Zen raised Airship AI from a “sell” rating to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings raised Airship AI from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st. Finally, Zacks Research upgraded shares of Airship AI from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $6.50.

Airship AI Stock Performance

The firm’s 50-day simple moving average is $1.99 and its 200 day simple moving average is $2.30. The company has a market cap of $61.99 million, a P/E ratio of 2.69 and a beta of 0.61.

Airship AI (NASDAQ:AISP) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Airship AI had a net margin of 144.60% and a negative return on equity of 19.13%. The company had revenue of $4.12 million during the quarter, compared to analyst estimates of $5.00 million. As a group, research analysts forecast that Airship AI Holdings, Inc. will post -0.06 earnings per share for the current year.

Hedge Funds Weigh In On Airship AI

Several hedge funds have recently added to or reduced their stakes in AISP. Caitong International Asset Management Co. Ltd bought a new position in Airship AI during the fourth quarter worth about $39,000. Abel Hall LLC acquired a new position in shares of Airship AI during the 1st quarter worth about $36,000. Bank of New York Mellon Corp bought a new stake in shares of Airship AI in the 2nd quarter valued at about $76,000. Sei Investments Co. bought a new stake in shares of Airship AI in the 1st quarter valued at about $84,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Airship AI in the 2nd quarter valued at about $96,000. Institutional investors and hedge funds own 5.89% of the company’s stock.

About Airship AI

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.