Airship AI (NASDAQ:AISP) Releases Earnings Results, Beats Expectations By $0.26 EPS

Airship AI (NASDAQ:AISP) issued its earnings results on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.26, FiscalAI reports. Airship AI had a net margin of 144.60% and a negative return on equity of 19.13%. The firm had revenue of $6.23 million for the quarter, compared to the consensus estimate of $7.60 million.

Airship AI Stock Performance

NASDAQ AISP opened at $1.79 on Friday. The stock has a market capitalization of $61.65 million, a P/E ratio of 2.32 and a beta of 0.65. Airship AI has a 1 year low of $1.69 and a 1 year high of $4.42. The business’s fifty day moving average is $2.06 and its two-hundred day moving average is $2.36.

Hedge Funds Weigh In On Airship AI

Hedge funds and other institutional investors have recently made changes to their positions in the company. StoneX Group Inc. bought a new stake in shares of Airship AI in the third quarter valued at about $27,000. Hsbc Holdings PLC purchased a new position in Airship AI during the 2nd quarter valued at about $96,000. BlackRock Inc. bought a new stake in shares of Airship AI in the 2nd quarter worth $916,000. Bank of New York Mellon Corp purchased a new position in shares of Airship AI in the second quarter valued at about $76,000. Finally, Lazard Asset Management LLC bought a new position in shares of Airship AI during the first quarter valued at approximately $419,000. 5.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AISP. Wall Street Zen upgraded Airship AI from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Zacks Research upgraded Airship AI from a “strong sell” rating to a “hold” rating in a report 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 research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Airship AI currently has an average rating of “Reduce” and a consensus price target of $6.50.

About Airship AI

Airship AI Holdings, Inc is an artificial intelligence and computer-vision company that develops solutions for managing, analyzing and securing data from video cameras, sensors and other connected devices. Its technology is designed to help organizations convert large volumes of visual and sensor data into actionable intelligence.

The company’s product portfolio includes the Acropolis platform, which supports the collection, management and analysis of data from distributed sensors and cameras, as well as edge-computing hardware and software designed to process information closer to where it is generated.