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

Airship AI (NASDAQ:AISP) announced its quarterly earnings data on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.26, FiscalAI reports. The company had revenue of $6.23 million for the quarter, compared to analysts’ expectations of $7.60 million. Airship AI had a net margin of 144.60% and a negative return on equity of 19.13%.

Airship AI Stock Up 3.8%

Shares of AISP stock traded up $0.07 during trading hours on Friday, reaching $1.81. 226,960 shares of the stock traded hands, compared to its average volume of 778,400. The firm has a market capitalization of $62.20 million, a PE ratio of 2.70 and a beta of 0.65. Airship AI has a 1-year low of $1.69 and a 1-year high of $4.42. The business has a fifty day moving average price of $2.06 and a 200 day moving average price of $2.37.

Hedge Funds Weigh In On Airship AI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. StoneX Group Inc. purchased a new position in shares of Airship AI during the third quarter valued at $27,000. Hsbc Holdings PLC purchased a new stake in Airship AI in the 2nd quarter worth about $96,000. BlackRock Inc. purchased a new stake in Airship AI in the 2nd quarter worth about $916,000. Bank of New York Mellon Corp purchased a new stake in Airship AI in the 2nd quarter worth about $76,000. Finally, Lazard Asset Management LLC acquired a new stake in Airship AI during the 1st quarter worth about $419,000. Institutional investors and hedge funds own 5.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AISP shares. Weiss Ratings upgraded shares of Airship AI from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Wall Street Zen upgraded Airship AI from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Finally, Zacks Research raised Airship AI from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price 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.