Jet.AI Inc (NASDAQ:JTAI) traded at $5.93 at close of the session on current trade day and made a downward move of -2.63% on its previous day’s price.
Looking at the stock we see that its previous close was $6.09 and the beta (5Y monthly) reads 0.324 with the day’s price range being $5.4001 – $8.36. In terms of its 52-week price range, JTAI has a high of $1005.75 and a low of $5.17. The company’s stock has lost about -67.54% over that past 30 days.
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Jet.AI Inc has a market cap of $4.85 million and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -2.12, with the EPS growth for the year raised at -97.21 for current year and -97.21 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 3.7M, with a low of 3.7M and a high of 3.7M. The median projection represents growth adding up to -11.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 14.55M, or 19.11% up from figures reported last year.
On the other hand, looking at the outlook for the JTAI stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is -42.18% off its SMA20 and -65.75% from its 50-day simple moving average. The RSI (14) is pointing at 29.91 while the volatility over the past week is 24.43% and jumps to 22.86% over the past one month. The beta value is 0.13, while the average true range (ATR) is currently pointing at 2.80.
Coming back to Jet.AI Inc (NASDAQ:JTAI), we note that the average 3-month trading volume was 221.92K, while that of the preceding 10-day period stands at 1.68 million. Current shares outstanding are 153.48 million.
The insiders hold 14.13% of the company’s shares while institutions hold 0.01%. The data shows that short shares as of 2024-10-31, stood at 48248.0 at a short ratio of 0.11. This represents a 762.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 7004.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -98.17% down in year-to-date price movement.
