Airship AI (NASDAQ:AISP) Shares Up 8.5% - Still a Buy?
Airship AI (NASDAQ:AISP) shares rose 8.5% during trading, reaching a high of $0.36 before closing at $0.30. The stock's trading volume was significantly lower than average. The company recently reported earnings, beating estimates with an EPS of $0.01 and revenue of $0.40 million. Insider activity included the sale of 30,000 shares by President Paul M. Allen. Institutional ownership stands at 5.89%. Analysts currently rate Airship AI as a "Strong Buy," but some suggest there are better investment options available.
Airship AI Holdings, Inc. (NASDAQ:AISP - Get Free Report)'s stock price shot up 8.5% during trading on Wednesday . The stock traded as high as $2.36 and last traded at $2.30. 802,616 shares were traded during trading, a decline of 70% from the average session volume of 2,711,169 shares. The stock had previously closed at $2.12.
Airship AI Stock Performance
- Airship AI Lands New Contract: Stock Soars 16% and More to Come
The company's 50 day moving average is $2.35 and its 200 day moving average is $3.63.
Airship AI (NASDAQ:AISP - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $6.40 million for the quarter, compared to analyst estimates of $5.40 million.
Insider Activity
- 3 Computer Vision Stocks for Long-Term Gains From AI
In other news, President Paul M. Allen sold 30,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $3.40, for a total value of $102,000.00. Following the completion of the transaction, the president now owns 70,000 shares in the company, valued at approximately $238,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 15.15% of the company's stock.
Hedge Funds Weigh In On Airship AI
A hedge fund recently bought a new stake in Airship AI stock. Virtu Financial LLC acquired a new stake in Airship AI Holdings, Inc. (NASDAQ:AISP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 22,379 shares of the company's stock, valued at approximately $147,000. Virtu Financial LLC owned approximately 0.10% of Airship AI as of its most recent filing with the SEC. 5.89% of the stock is currently owned by institutional investors.
Airship AI Company Profile
(Get Free Report)- 5 Undervalued AI Stocks and Why to Buy Them
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.
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