Jet.AI Inc. (NASDAQ:JTAI – Get Free Report)’s share price shot up 4.7% during trading on Tuesday . The stock traded as high as $1.86 and last traded at $1.80. 60,252 shares were traded during mid-day trading, a decline of 36% from the average session volume of 93,703 shares. The stock had previously closed at $1.72.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on JTAI. Maxim Group lowered their price target on Jet.AI from $20.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jet.AI in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Jet.AI has an average rating of “Hold” and a consensus price target of $11.00.
Check Out Our Latest Research Report on Jet.AI
Jet.AI Trading Up 11.1%
Jet.AI (NASDAQ:JTAI – Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.11). The business had revenue of $1.71 million for the quarter, compared to analyst estimates of $2.10 million. Jet.AI had a negative return on equity of 107.36% and a negative net margin of 103.18%.
Jet.AI Company Profile
Jet.AI Inc primarily engages in the development and operation of private aviation platforms. The company operates CharterGPT, a booking platform that functions as a prospecting and quoting platform to arrange private jet travel with its aircrafts and third-party carriers. It also provides Reroute AI software that recycles aircraft waiting to return to base into prospective new charter bookings to destinations within specific distances; and DynoFlight, a software application programming interface (API), which enables aircraft operators to track and estimate emissions, and purchase carbon offset credits.
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