Future Outlook And Stock Price Performance For Jet.AI Inc (NASDAQ: JTAI)

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In the last trading session, 1.63 million shares of the Jet.AI Inc (NASDAQ:JTAI) were traded, and its beta was 0.28. Most recently the company’s share price was $0.08, and it changed around -$0.01 or -2.35% from the last close, which brings the market valuation of the company to $2.04M. JTAI currently trades at a discount to its 52-week high of $4.47, offering almost -5487.5% off that amount. We note from Jet.AI Inc’s average daily trading volume that its 10-day average is 1.98 million shares, with the 3-month average coming to 2.26 million.

Jet.AI Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended JTAI as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Jet.AI Inc is expected to report earnings per share of -0.08 for the current quarter.

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Jet.AI Inc (NASDAQ:JTAI) trade information

Instantly JTAI has showed a red trend with a performance of -2.35% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.1080 on recent trading dayincreased the stock’s daily price by 25.93%. The company’s shares are currently down -94.24% year-to-date, but still down -23.15% over the last five days. On the other hand, Jet.AI Inc (NASDAQ:JTAI) is -34.54% down in the 30-day period. We can see from the shorts that 0.84 million shares have been sold at a short interest cover period of 0.49 day(s).

Jet.AI Inc (JTAI) estimates and forecasts

The year-over-year growth rate is expected to be 39.30%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 6.38M in revenue for the current quarter. 1 analysts expect Jet.AI Inc to make 3.7M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -11.50%.

JTAI Dividends

Jet.AI Inc’s next quarterly earnings report is expected to be released in November.

Jet.AI Inc (NASDAQ:JTAI)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 42.89% of Jet.AI Inc shares, and 0.59% of them are in the hands of institutional investors. The stock currently has a share float of 1.03%.