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Strength Seen in Airship AI Holdings, Inc. (AISP): Can Its 19.5% Jump Turn into More Strength?
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Airship AI Holdings, Inc. (AISP - Free Report) shares ended the last trading session 19.5% higher at $6.98. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 35.8% gain over the past four weeks.
The stock soared mainly in response to the company’s announcement that it had received $11 million in firm fixed-price contract awards across 16 deals from the U.S. Department of Justice and the Department of Homeland Security for its AI-driven surveillance solutions.
This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of +133.3%. Revenues are expected to be $8.3 million, up 189.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Airship AI Holdings, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on AISP going forward to see if this recent jump can turn into more strength down the road.
Airship AI Holdings, Inc. is part of the Zacks Technology Services industry. Bitdeer Technologies Group (BTDR - Free Report) , another stock in the same industry, closed the last trading session 7.6% higher at $20.89. BTDR has returned 57.3% in the past month.
BITDEER TEC GRP's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.22. Compared to the company's year-ago EPS, this represents a change of +37.1%. BITDEER TEC GRP currently boasts a Zacks Rank of #3 (Hold).
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Strength Seen in Airship AI Holdings, Inc. (AISP): Can Its 19.5% Jump Turn into More Strength?
Airship AI Holdings, Inc. (AISP - Free Report) shares ended the last trading session 19.5% higher at $6.98. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 35.8% gain over the past four weeks.
The stock soared mainly in response to the company’s announcement that it had received $11 million in firm fixed-price contract awards across 16 deals from the U.S. Department of Justice and the Department of Homeland Security for its AI-driven surveillance solutions.
This company is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of +133.3%. Revenues are expected to be $8.3 million, up 189.2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Airship AI Holdings, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on AISP going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Airship AI Holdings, Inc. is part of the Zacks Technology Services industry. Bitdeer Technologies Group (BTDR - Free Report) , another stock in the same industry, closed the last trading session 7.6% higher at $20.89. BTDR has returned 57.3% in the past month.
BITDEER TEC GRP's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.22. Compared to the company's year-ago EPS, this represents a change of +37.1%. BITDEER TEC GRP currently boasts a Zacks Rank of #3 (Hold).