Airship AI (NASDAQ:AISP) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Airship AI (NASDAQ:AISP) released its earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03), Zacks reports.

Airship AI Trading Up 1.2%

NASDAQ AISP traded up $0.03 during trading hours on Friday, hitting $2.55. The company’s stock had a trading volume of 481,768 shares, compared to its average volume of 505,616. The company has a market capitalization of $87.64 million, a PE ratio of 4.11 and a beta of 0.40. Airship AI has a 52 week low of $2.03 and a 52 week high of $7.20. The company’s 50-day simple moving average is $2.45 and its two-hundred day simple moving average is $3.08.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AISP. Zacks Research lowered shares of Airship AI from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airship AI in a research note on Wednesday, January 21st. Finally, Roth Mkm set a $6.50 price target on Airship AI in a report on Monday, April 27th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell” and an average target price of $6.50.

Insider Activity at Airship AI

In related news, CEO Victor Huang bought 40,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of $2.24 per share, with a total value of $89,600.00. Following the completion of the transaction, the chief executive officer directly owned 4,012,567 shares in the company, valued at approximately $8,988,150.08. This represents a 1.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 46.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Airship AI

Large investors have recently bought and sold shares of the stock. Quarry LP bought a new stake in shares of Airship AI in the 3rd quarter worth $31,000. JPMorgan Chase & Co. lifted its position in shares of Airship AI by 90.9% during the second quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock valued at $56,000 after purchasing an additional 4,556 shares in the last quarter. Kovack Advisors Inc. purchased a new position in Airship AI during the fourth quarter worth about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Airship AI by 150.5% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,932 shares of the company’s stock worth $64,000 after purchasing an additional 6,568 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Airship AI by 1,793.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 14,787 shares of the company’s stock valued at $76,000 after buying an additional 14,006 shares during the last quarter. 5.89% of the stock is currently owned by institutional investors.

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.