Airship AI (NASDAQ:AISP) Stock Price Down 2.6% – Here’s Why

Shares of Airship AI Holdings, Inc. (NASDAQ:AISP) traded down 2.6% on Friday . The stock traded as low as $2.59 and last traded at $2.63. 240,663 shares changed hands during trading, a decline of 47% from the average session volume of 451,098 shares. The stock had previously closed at $2.70.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AISP. Roth Mkm set a $8.00 price target on shares of Airship AI in a research report on Monday, December 8th. Wall Street Zen raised shares of Airship AI from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airship AI in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Airship AI currently has an average rating of “Sell” and an average target price of $8.00.

Airship AI Stock Down 2.6%

The firm’s 50 day simple moving average is $2.97 and its 200 day simple moving average is $3.84. The company has a market cap of $90.39 million, a price-to-earnings ratio of 4.24 and a beta of 0.37.

Airship AI (NASDAQ:AISP) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $6.49 million for the quarter, compared to analyst estimates of $6.40 million. Analysts anticipate that Airship AI Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Insider Transactions at Airship AI

In related news, President Paul M. Allen bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average price of $2.74 per share, for a total transaction of $274,000.00. Following the transaction, the president directly owned 151,948 shares of the company’s stock, valued at approximately $416,337.52. This represents a 192.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 46.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Airship AI in the 2nd quarter worth approximately $30,000. Kovack Advisors Inc. acquired a new stake in Airship AI during the fourth quarter valued at approximately $31,000. Quarry LP acquired a new stake in Airship AI during the third quarter valued at approximately $31,000. Independent Advisor Alliance bought a new stake in Airship AI during the fourth quarter worth approximately $32,000. Finally, SG Americas Securities LLC bought a new stake in Airship AI during the fourth quarter worth approximately $39,000. 5.89% of the stock is owned by institutional investors and hedge funds.

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.