Stock Traders Buy High Volume of Airship AI Call Options (NASDAQ:AISP)

Airship AI Holdings, Inc. (NASDAQ:AISP) was the target of some unusual options trading activity on Thursday. Investors acquired 3,414 call options on the stock. This is an increase of approximately 1,094% compared to the average volume of 286 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AISP. BlackRock Inc. purchased a new stake in shares of Airship AI during the 2nd quarter valued at $916,000. Hsbc Holdings PLC bought a new position in Airship AI during the second quarter valued at about $96,000. Bank of New York Mellon Corp bought a new position in Airship AI during the second quarter valued at about $76,000. Lazard Asset Management LLC purchased a new stake in Airship AI during the first quarter worth about $419,000. Finally, Sei Investments Co. purchased a new stake in Airship AI during the first quarter worth about $84,000. Hedge funds and other institutional investors own 5.89% of the company’s stock.

Airship AI Stock Performance

Airship AI stock opened at $2.22 on Friday. Airship AI has a fifty-two week low of $1.69 and a fifty-two week high of $7.20. The firm’s 50-day simple moving average is $1.99 and its 200 day simple moving average is $2.29. The stock has a market cap of $76.46 million, a PE ratio of 3.31 and a beta of 0.63.

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

Analysts Set New Price Targets

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

Airship AI Company Profile

Airship AI Holdings, Inc (NASDAQ:AISP) provides artificial intelligence-powered video, sensor and data-management solutions for government and commercial customers. Its technology is designed to help organizations collect, organize and analyze data from cameras, sensors and other sources to support situational awareness, security and operational decision-making.

The company’s product portfolio includes the Acropolis platform, which enables the management and analysis of video and other sensor data, along with edge-computing and related hardware and software solutions.