Jet.AI (NASDAQ:JTAI) Trading Up 0.8% – What’s Next?

Shares of Jet.AI Inc. (NASDAQ:JTAI) rose 0.8% on Wednesday . The company traded as high as $1.30 and last traded at $1.29. 70,379 shares traded hands during trading, a decline of 35% from the average session volume of 108,887 shares. The stock had previously closed at $1.28.

Analyst Ratings Changes

Separately, Weiss Ratings raised Jet.AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Jet.AI Stock Performance

The stock has a market capitalization of $1.96 million, a P/E ratio of 0.00 and a beta of -0.33. The business has a 50-day moving average price of $1.96 and a 200 day moving average price of $7.50.

Jet.AI (NASDAQ:JTAI) last released its earnings results on Friday, August 14th. The company reported ($1.72) EPS for the quarter, missing the consensus estimate of ($0.19) by ($1.53). The company had revenue of $5.32 million during the quarter, compared to the consensus estimate of $1.10 million. Jet.AI had a negative return on equity of 34.68% and a net margin of 49.49%.

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.