Jet.AI Inc (NASDAQ:JTAI) price on Friday, October 25, fall -16.38% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.07.
A look at the stock’s price movement, the close in the last trading session was $0.08, moving within a range at $0.0666 and $0.08. The beta value (5-Year monthly) was 0.266. Turning to its 52-week performance, $4.47 and $0.08 were the 52-week high and 52-week low respectively. Overall, JTAI moved -33.76% over the past month.
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Jet.AI Inc’s market cap currently stands at around $1.67 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Aug-14.
Analysts have a consensus estimate of 6.38M for the company’s revenue for the quarter, with a low and high estimate of 6.38M and 6.38M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 17.01M, representing a 39.30% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that JTAI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
JTAI’s current price about -25.60% and -45.35% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.44, while 7-day volatility ratio is 15.78% and 30.26% in the 30-day chart. Further, Jet.AI Inc (JTAI) has a beta value of 0.26, and an average true range (ATR) of 0.02.
If we refocus on Jet.AI Inc (NASDAQ:JTAI), historical trading data shows that trading volumes averaged 122.04 over the past 10 days and 33.66 million over the past 3 months. The company’s latest data on shares outstanding shows there are 24.58 million shares.
The 56.46% of Jet.AI Inc’s shares are in the hands of company insiders while institutional holders own 14.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.58 million on 2024-09-30, giving us a short ratio of 1.13. The data shows that as of 2024-09-30 short interest in Jet.AI Inc (JTAI) stood at 780.99996 of shares outstanding, with shares short rising to 0.19 million registered in 2024-08-30. Current price change has pushed the stock -95.28% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the JTAI stock continues to rise going into the next quarter.
