Airship AI (NASDAQ:AISP) Stock Price Down 3.8% – Here’s What Happened

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP) fell 3.8% during mid-day trading on Wednesday . The company traded as low as $2.40 and last traded at $2.50. 633,594 shares were traded during mid-day trading, a decline of 43% from the average session volume of 1,104,274 shares. The stock had previously closed at $2.60.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AISP shares. Roth Mkm set a $8.00 target price on Airship AI in a research report on Monday, December 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Airship AI in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Airship AI from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell” and an average target price of $8.00.

Airship AI Trading Down 3.8%

The stock has a market capitalization of $79.78 million, a PE ratio of -1.24 and a beta of 0.34. The business has a fifty day moving average price of $3.18 and a 200-day moving average price of $4.19.

Airship AI (NASDAQ:AISP) last released its earnings results on Friday, November 14th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.13. The firm had revenue of $1.18 million during the quarter, compared to the consensus estimate of $8.30 million. On average, equities analysts anticipate that Airship AI Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Airship AI news, Director Louis Lebedin purchased 50,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was acquired at an average cost of $3.18 per share, with a total value of $159,000.00. Following the completion of the purchase, the director directly owned 100,000 shares of the company’s stock, valued at approximately $318,000. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Paul M. Allen purchased 100,000 shares of the business’s stock in a transaction on Monday, December 29th. The shares were acquired at an average price of $2.74 per share, with a total value of $274,000.00. Following the completion of the transaction, the president owned 151,948 shares of the company’s stock, valued at approximately $416,337.52. This trade represents a 192.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 201,000 shares of company stock worth $595,180 in the last 90 days. 46.80% of the stock is owned by company insiders.

Institutional Trading of Airship AI

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Airship AI during the second quarter valued at approximately $30,000. Quarry LP purchased a new stake in Airship AI during the 3rd quarter valued at $31,000. Independent Advisor Alliance bought a new stake in Airship AI in the 4th quarter worth $32,000. SG Americas Securities LLC purchased a new position in shares of Airship AI in the fourth quarter valued at about $39,000. Finally, JPMorgan Chase & Co. raised its stake 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 acquiring an additional 4,556 shares during the last quarter. 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. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.