Airship AI (NASDAQ:AISP) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS
by Jessica Moore · The Cerbat GemAirship AI (NASDAQ:AISP – Get Free Report) issued its quarterly earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03), Zacks reports.
Airship AI Trading Up 1.2%
NASDAQ:AISP traded up $0.03 during mid-day trading on Friday, hitting $2.55. The company had a trading volume of 481,768 shares, compared to its average volume of 505,616. Airship AI has a fifty-two week low of $2.03 and a fifty-two week high of $7.20. The business’s fifty day moving average is $2.45 and its two-hundred day moving average is $3.08.
Insiders Place Their Bets
In related news, CEO Victor Huang bought 40,000 shares of the business’s stock in a transaction on Friday, March 20th. The shares were purchased at an average price of $2.24 per share, with a total value of $89,600.00. Following the completion of the purchase, the chief executive officer owned 4,012,567 shares of the company’s stock, valued at $8,988,150.08. This represents a 1.01% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 46.80% of the company’s stock.
Institutional Investors Weigh In On Airship AI
Hedge funds have recently modified their holdings of the business. Quarry LP acquired a new stake in shares of Airship AI during the third quarter worth about $31,000. JPMorgan Chase & Co. raised its position 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 worth $56,000 after purchasing an additional 4,556 shares during the period. Kovack Advisors Inc. acquired a new stake in shares of Airship AI during the fourth quarter worth about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 purchasing an additional 6,568 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Airship AI by 1,793.3% during the third quarter. Russell Investments Group Ltd. now owns 14,787 shares of the company’s stock worth $76,000 after purchasing an additional 14,006 shares during the period. Institutional investors and hedge funds own 5.89% of the company’s stock.
Wall Street Analysts Forecast Growth
AISP has been the topic of several analyst reports. Zacks Research lowered Airship AI from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Airship AI in a research note on Wednesday, January 21st. Finally, Roth Mkm set a $6.50 target price on Airship AI in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell” and a consensus target price of $6.50.
Check Out Our Latest Stock Analysis on Airship AI
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.