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

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

Airship AI Trading Up 26.6%

Shares of NASDAQ AISP traded up $0.49 during mid-day trading on Thursday, hitting $2.35. The company had a trading volume of 35,237,427 shares, compared to its average volume of 714,254. The company has a market capitalization of $81.11 million, a price-to-earnings ratio of 3.53 and a beta of 0.61. Airship AI has a 1 year low of $1.69 and a 1 year high of $7.20. The stock’s 50-day moving average price is $1.98 and its 200-day moving average price is $2.29.

Airship AI (NASDAQ:AISP – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.04) earnings per share (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 company had revenue of $4.12 million for the quarter, compared to the consensus estimate of $5.00 million. As a group, equities research analysts forecast that Airship AI will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On Airship AI

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Airship AI in the second quarter worth $916,000. Lazard Asset Management LLC bought a new stake in Airship AI during the first quarter worth about $419,000. Aristides Capital LLC bought a new stake in Airship AI during the fourth quarter worth about $168,000. Hsbc Holdings PLC purchased a new position in shares of Airship AI in the 1st quarter worth about $115,000. Finally, Sei Investments Co. purchased a new position in shares of Airship AI in the 1st quarter worth about $84,000. 5.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Weiss Ratings upgraded Airship AI from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Wall Street Zen upgraded 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 report on Tuesday, July 14th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $6.50.

Check Out Our Latest Stock Analysis on AISP

About Airship AI

(Get Free Report)

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.

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