Airship AI (NASDAQ:AISP) Raised to “Hold” at Wall Street Zen

Airship AI (NASDAQ:AISP) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

AISP has been the topic of a number of other research reports. Zacks Research raised shares of Airship AI from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings raised shares of Airship AI from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Airship AI has a consensus rating of “Reduce” and a consensus target price of $6.50.

Airship AI Stock Performance

Shares of Airship AI stock opened at $2.05 on Friday. The business’s 50 day simple moving average is $2.07 and its 200 day simple moving average is $2.38. Airship AI has a 52-week low of $1.68 and a 52-week high of $7.20. The firm has a market cap of $70.60 million, a PE ratio of 3.06 and a beta of 0.61.

Airship AI (NASDAQ:AISP) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $4.12 million for the quarter, compared to analyst estimates of $5.00 million. Airship AI had a negative return on equity of 19.13% and a net margin of 144.60%. As a group, equities research analysts predict that Airship AI will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Mariner LLC boosted its holdings in shares of Airship AI by 32.5% in the 4th quarter. Mariner LLC now owns 16,854 shares of the company’s stock valued at $49,000 after buying an additional 4,134 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Airship AI by 90.9% during the second 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 last quarter. Quarry LP acquired a new position in Airship AI during the third quarter worth $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Airship AI by 150.5% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,932 shares of the company’s stock worth $64,000 after acquiring an additional 6,568 shares in the last quarter. Finally, Kovack Advisors Inc. bought a new stake in Airship AI during the fourth quarter worth $31,000. 5.89% of the stock is currently owned by institutional investors.

About Airship AI

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.