Airship AI (NASDAQ:AISP) Stock Price Up 6.8% – Time to Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP) rose 6.8% during trading on Monday . The stock traded as high as $2.25 and last traded at $2.21. Approximately 489,862 shares traded hands during trading, an increase of 18% from the average daily volume of 415,851 shares. The stock had previously closed at $2.07.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airship AI in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and an average target price of $8.00.

Airship AI Price Performance

The business’s 50 day moving average is $2.48 and its two-hundred day moving average is $3.42. The firm has a market capitalization of $84.38 million, a PE ratio of 3.96 and a beta of 0.47.

Airship AI (NASDAQ:AISP) last announced its earnings results on Tuesday, February 17th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $6.49 million during the quarter, compared to analysts’ expectations of $6.40 million. Analysts expect that Airship AI Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Victor Huang bought 40,000 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of $2.24 per share, with a total value of $89,600.00. Following the completion of the purchase, the chief executive officer directly owned 4,012,567 shares of the company’s stock, valued at $8,988,150.08. This trade represents a 1.01% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 46.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Airship AI

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kovack Advisors Inc. bought a new position in Airship AI during the fourth quarter valued at approximately $31,000. Quarry LP bought a new position in Airship AI during the third quarter valued at approximately $31,000. Independent Advisor Alliance bought a new position in Airship AI during the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd bought a new position in Airship AI during the fourth quarter valued at approximately $39,000. Finally, SG Americas Securities LLC bought a new position in Airship AI during the fourth quarter valued at approximately $39,000. 5.89% of the stock is owned by hedge funds and other institutional investors.

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.