Airship AI (NASDAQ:AISP) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Airship AI (NASDAQ:AISP) from a hold rating to a sell rating in a report issued on Saturday morning.

A number of other brokerages have also weighed in on AISP. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Airship AI in a research note on Friday, August 7th. Zacks Research upgraded shares of Airship AI from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Roth Capital set a $6.50 price objective on shares of Airship AI in a research report on Monday, April 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $6.50.

Airship AI Price Performance

NASDAQ AISP opened at $2.02 on Friday. The firm has a market cap of $69.57 million, a P/E ratio of 3.01 and a beta of 0.58. The stock’s 50-day moving average is $2.27 and its 200-day moving average is $2.45. Airship AI has a one year low of $1.69 and a one year high of $7.20.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AISP. Quarry LP acquired a new stake in Airship AI in the 3rd quarter valued at approximately $31,000. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 4,556 shares in the last quarter. Kovack Advisors Inc. acquired a new position in Airship AI during the 4th quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Airship AI by 150.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,932 shares of the company’s stock worth $64,000 after acquiring an additional 6,568 shares during the last quarter. Finally, Independent Advisor Alliance bought a new position in shares of Airship AI during the 4th quarter worth approximately $32,000. 5.89% of the stock is owned by institutional investors and hedge funds.

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.