Airship AI (NASDAQ:AISP) Releases Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Airship AI (NASDAQ:AISP) released its quarterly earnings results on Thursday. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.26, FiscalAI reports. The business had revenue of $6.23 million during the quarter. Airship AI had a negative return on equity of 19.13% and a net margin of 144.60%.

Airship AI Stock Performance

NASDAQ:AISP traded down $0.11 during trading hours on Thursday, hitting $1.74. 655,555 shares of the company’s stock traded hands, compared to its average volume of 677,198. The firm has a market cap of $59.93 million, a P/E ratio of 30.83 and a beta of 0.65. Airship AI has a twelve month low of $1.69 and a twelve month high of $4.42. The stock’s fifty day moving average price is $2.06 and its two-hundred day moving average price is $2.37.

Institutional Investors Weigh In On Airship AI

Institutional investors have recently made changes to their positions in the company. StoneX Group Inc. bought a new position in Airship AI during the third quarter valued at about $27,000. Hsbc Holdings PLC bought a new stake in shares of Airship AI during the 2nd quarter worth about $96,000. BlackRock Inc. bought a new stake in shares of Airship AI during the 2nd quarter worth about $916,000. Bank of New York Mellon Corp bought a new stake in shares of Airship AI during the 2nd quarter worth about $76,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Airship AI during the 1st quarter valued at about $419,000. 5.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AISP. Weiss Ratings raised shares of Airship AI from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Zacks Research raised shares of Airship AI from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen raised shares of Airship AI from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $6.50.

About Airship AI

Airship AI Holdings, Inc is an artificial intelligence and computer-vision company that develops solutions for managing, analyzing and securing data from video cameras, sensors and other connected devices. Its technology is designed to help organizations convert large volumes of visual and sensor data into actionable intelligence.

The company’s product portfolio includes the Acropolis platform, which supports the collection, management and analysis of data from distributed sensors and cameras, as well as edge-computing hardware and software designed to process information closer to where it is generated.