Airship AI (NASDAQ:AISP) Stock Price Down 0.2% – Here’s What Happened

Airship AI Holdings, Inc. (NASDAQ:AISP) shares were down 0.2% on Tuesday . The company traded as low as $4.98 and last traded at $5.11. Approximately 597,238 shares were traded during trading, a decline of 61% from the average daily volume of 1,544,382 shares. The stock had previously closed at $5.12.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AISP shares. Wall Street Zen lowered shares of Airship AI from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airship AI in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Airship AI Stock Performance

The business’s 50-day moving average price is $5.15 and its 200-day moving average price is $4.90. The stock has a market cap of $163.05 million, a P/E ratio of -2.56 and a beta of 0.31.

Airship AI (NASDAQ:AISP) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.75) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Airship AI Holdings, Inc. will post 1.71 earnings per share for the current year.

Institutional Investors Weigh In On Airship AI

Hedge funds have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey bought a new position in Airship AI in the 2nd quarter worth $30,000. Kieckhefer Group LLC boosted its holdings in Airship AI by 79.2% in the 1st quarter. Kieckhefer Group LLC now owns 13,440 shares of the company’s stock worth $52,000 after buying an additional 5,940 shares during the period. JPMorgan Chase & Co. boosted its holdings in Airship AI by 90.9% in the 2nd 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 buying an additional 6,568 shares during the period. Finally, Intech Investment Management LLC bought a new position in Airship AI in the 2nd quarter worth $70,000. Institutional investors own 5.89% of the company’s stock.

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.