Airship AI Holdings Inc

Airship AI Holdings, Inc. (NASDAQ: AISP) is an artificial intelligence (AI)-driven data management platform that solves complex data challenges for large institutions operating in dynamic and mission-critical environments with rapidly increasing volumes of data being ingested from a similarly rapidly growing number of data sources. It specializes in ingesting data from edge-based sensors used by government and law enforcement agencies around the world, including surveillance cameras (video), audio, telemetry, acoustic, seismic, and autonomous devices, along with large commercial corporations with fundamentally similar capabilities and requirements.

Recent Financial and Business Updates:

• Pioneering Global Security Solutions: Airship AI's Breakthrough Tender in Singapore: Airship AI Holdings, Inc., a trailblazer in AI-driven surveillance solutions, has clinched a monumental tender with a Singaporean government agency for its Acropolis Enterprise Video and Data Management Platform. This marks a historic milestone as the first significant deployment of Airship's groundbreaking technology in Singapore, aimed at bolstering public safety and border security initiatives. The collaboration, orchestrated by regional partner Miltrade Technologies Pte Ltd, underscores Airship's commitment to addressing global security challenges with cutting-edge solutions. The incorporation of state-of-the-art wireless communication capabilities from Silvus Technologies further amplifies the platform's capabilities, facilitating real-time data streaming for heightened operational awareness.
• Elevating National Security: Airship AI's Strategic Contract with the U.S. Department of Justice: In a testament to its prowess, Airship AI has secured a substantial contract with an agency within the U.S. Department of Justice for its Acropolis platform. This contract, following a successful pilot program in 2023, underscores Airship's capability to meet and exceed rigorous operational and security standards. Notably, this deployment marks the second instance of the Acropolis platform being deployed in a FedRAMP certified cloud environment, showcasing Airship's unwavering commitment to providing secure solutions to government entities.
• Revolutionizing Border Surveillance: Airship Industries' High-Stakes Contracts with DHS: Airship Industries has embarked on a transformative journey by commencing the delivery of firm fixed-price contracts valued at over USD10 million in collaboration with the Department of Homeland Security (DHS). These groundbreaking contracts leverage Airship's cutting-edge Outpost AI edge IoT appliance to support real-time intelligence collection operations along the U.S. borders. Outpost AI's advanced analytic processing capabilities and secure data transmission system make it an indispensable tool for enhancing border security and surveillance capabilities, underscoring Airship's pivotal role in revolutionizing border protection measures.

Technical Observation (on the daily chart)

The Relative Strength Index (RSI), calculated over a 14-day span, stands at 85.24, currently upward trending and in the overbought zone, signifying the likelihood of either consolidation or a short term correction to next important support levels of USD 9-USD 10. Adding to this, the stock presently finds itself positioned above both the 21-day and 50-day Simple Moving Averages (SMA), which could function as a dynamic short-term support levels.

As per the above-mentioned price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis, a ‘WATCH’ rating has been given to Airship AI Holdings, Inc. (NASDAQ: AISP) at the current market price of USD 13.12, as of March 19, 2024, at 07:10 am PDT.

Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario. 

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing. 

How to Read the Charts?

The yellow colour line reflects the 21-period simple moving average (SMA) while the blue line indicates the 50- period simple moving average (SMA). SMA helps to identify existing price trends. If the prices are trading above the 21-period and 50-period moving average, then it shows prices are currently trading in a bullish trend.

The orange colour line in the chart’s lower segment reflects the Relative Strength Index (14-Period) which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status while a reading of 30 or below suggests an oversold status.

The red and green colour bars in the chart’s lower segment show the volume of the stock. The volume is the number of shares that changed hands during a given day. Stocks with high volumes are more liquid than stocks with lesser volume as liquidity in stocks helps with easier and faster execution of the order.

The Orange colour lines are the trend lines drawn by connecting two or more price points and used for trend identification purposes. The trend line also acts as a line of support and resistance.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock. 

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock. 

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices. 

Abbreviations

CMP: Current Market Price

SMA: Simple Moving Average

RSI: Relative Strength Index

USD: United States dollar

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is March 19, 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.