Jet.AI (NASDAQ:JTAI) Cut to Strong Sell at Wall Street Zen

Wall Street Zen cut shares of Jet.AI (NASDAQ:JTAI – Free Report) from a hold rating to a strong sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised Jet.AI from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, September 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Read Our Latest Stock Report on Jet.AI

Jet.AI Stock Down 3.2%

JTAI stock opened at $1.50 on Friday. Jet.AI has a 52 week low of $1.20 and a 52 week high of $652.00. The company has a fifty day simple moving average of $1.59 and a two-hundred day simple moving average of $5.87. The firm has a market capitalization of $2.13 million, a P/E ratio of 0.00 and a beta of -0.35.

Jet.AI (NASDAQ:JTAI – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported ($1.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.53). Jet.AI had a negative return on equity of 34.68% and a net margin of 49.49%.The business had revenue of $5.32 million during the quarter, compared to analysts’ expectations of $1.10 million. As a group, analysts anticipate that Jet.AI will post -8.52 EPS for the current year.

Jet.AI Company Profile

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Jet.AI Inc is a technology and private aviation company that develops software and provides aircraft services for private jet travel. Its business combines artificial intelligence tools with on-demand charter, aircraft management and aviation operations.

The company’s software platform includes CharterGPT, an AI-enabled interface designed to help users search for and book private jet flights using natural-language requests. Jet.AI also provides tools intended to support charter operators, brokers and other aviation businesses with flight planning, quoting and customer-management activities.

Through its aviation operations, Jet.AI offers private aircraft charter and related services, including aircraft management and brokerage.

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