Traders Purchase 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. Stock investors bought 3,414 call options on the company. This represents an increase of 1,094% compared to the average volume of 286 call options.

Hedge Funds Weigh In On Airship AI

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC bought a new stake in Airship AI in the second quarter valued at $96,000. BlackRock Inc. bought a new position in Airship AI in the 2nd quarter worth $916,000. Bank of New York Mellon Corp bought a new position in Airship AI in the 2nd quarter worth $76,000. Lazard Asset Management LLC purchased a new stake in shares of Airship AI in the 1st quarter worth about $419,000. Finally, Sei Investments Co. purchased a new stake in shares of Airship AI in the 1st quarter worth about $84,000. Institutional investors own 5.89% of the company’s stock.

Airship AI Stock Up 26.6%

Shares of NASDAQ:AISP traded up $0.49 during midday trading on Thursday, hitting $2.35. 35,237,427 shares of the stock traded hands, compared to its average volume of 714,254. Airship AI has a one year low of $1.69 and a one year high of $7.20. The stock has a market capitalization of $81.11 million, a PE ratio of 3.53 and a beta of 0.61. The business’s 50 day moving average is $1.98 and its two-hundred day moving average is $2.29.

Airship AI (NASDAQ:AISP) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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. As a group, sell-side analysts forecast that Airship AI will post -0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AISP shares. Weiss Ratings raised shares of 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 note 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 equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price 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.