Why Airship AI Stock Is Launching

Airship AI Holdings, Inc  AISP shares are trading higher Tuesday after the company announced that it has been awarded a contract to an agency within the Department of Justice. 

The Details:

Airship AI said the contract is for its Acropolis Enterprise Sensor Management video and data management platform, but did not disclose the terms of the agreement. 

"This award represents an expansion of a pilot program started with the agency in 2023, validating our ability to meet demanding agency operational and security requirements,” said Paul Allen, president of Airship AI. 

“Equally as exciting is this project represents the second U.S. Government agency to deploy our Acropolis platform in a FedRAMP certified cloud environment, a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services," Allen added. 

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Is AISP A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Airship AI Holdings‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Airship AI Holdings AISP does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 14.97%, you'll need to buy a share of Virtus Stone Harbor by the Jun. 13, 2024. Once done, you can expect to receive a nominal payout of $0.06 on Jun. 27, 2024.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Airship AI Holdings will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

AISP Price Action: According to Benzinga Pro, Airship AI shares are up 104% at $3.37 at the time of publication.

Image: Pete Linforth from Pixabay