Airship AI (NASDAQ:AISP) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Airship AI (NASDAQ:AISP) from a strong sell rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Several other research firms have also issued reports on AISP. Roth Capital set a $6.50 target price on Airship AI in a research note on Monday, April 27th. Wall Street Zen raised Airship AI from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings lowered shares of Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $6.50.

Airship AI Stock Performance

NASDAQ:AISP opened at $2.12 on Tuesday. Airship AI has a fifty-two week low of $2.03 and a fifty-two week high of $7.20. The company has a 50 day moving average price of $2.58 and a 200 day moving average price of $2.67. The stock has a market capitalization of $73.01 million, a P/E ratio of -212.00 and a beta of 0.54.

Airship AI (NASDAQ:AISP) last announced its earnings results on Friday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The business had revenue of $6.35 million during the quarter, compared to the consensus estimate of $6.20 million. Research analysts forecast that Airship AI will post -0.06 earnings per share for the current fiscal year.

Institutional Trading of Airship AI

Several hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new position in Airship AI during the 3rd quarter worth $31,000. JPMorgan Chase & Co. raised its position in Airship AI by 90.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock valued at $56,000 after purchasing an additional 4,556 shares in the last quarter. Kovack Advisors Inc. acquired a new stake in Airship AI in the 4th quarter valued at about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Airship AI by 150.5% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,932 shares of the company’s stock valued at $64,000 after buying an additional 6,568 shares during the period. Finally, Independent Advisor Alliance purchased a new position in shares of Airship AI in the 4th quarter valued at about $32,000. 5.89% of the stock is currently 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.