Weak Fundamental Momentum Pushes Jet.AI Inc (JTAI) Lower

Jet.AI Inc (NASDAQ:JTAI) has a beta value of 0.32 and has seen 14.06 million shares traded in the last trading session. The company, currently valued at $9.01M, closed the last trade at $0.06 per share which meant it lost -$0.01 on the day or -5.21% during that session. The JTAI stock price is -7350.0% off its 52-week high price of $4.47 and 0.0% above the 52-week low of $0.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 48.91 million shares traded. The 3-month trading volume is 36.43 million shares.

Jet.AI Inc (NASDAQ:JTAI) trade information

Sporting -5.21% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the JTAI stock price touched $0.06 or saw a rise of 21.05%. Year-to-date, Jet.AI Inc shares have moved -95.70%, while the 5-day performance has seen it change -8.84%. Over the past 30 days, the shares of Jet.AI Inc (NASDAQ:JTAI) have changed -33.01%. Short interest in the company has seen 7.42 million shares shorted with days to cover at 0.12.

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Jet.AI Inc (JTAI) estimates and forecasts

The company’s shares have lost -91.75% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 39.30%.

1 analysts offering their estimates for the company have set an average revenue estimate of 6.38M for the current quarter. 1 have an estimated revenue figure of 3.7M for the next ending quarter.

JTAI Dividends

Jet.AI Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 12.56% of the company shares, while shares held by institutions stand at 1.91% with a share float percentage of 2.19%. Investors are also buoyed by the number of investors in a company, with Jet.AI Inc having a total of 23.0 institutions that hold shares in the company.