During the recent session, Jet.AI Inc (NASDAQ:JTAI)’s traded shares were 11.87 million, with the beta value of the company hitting 0.13. At the last check today, the stock’s price was $6.48, reflecting an intraday gain of 6.40% or $0.39. The 52-week high for the JTAI share is $1005.75, that puts it down -15420.83 from that peak though still a striking 20.22% gain since the share price plummeted to a 52-week low of $5.17. The company’s market capitalization is $5.44M, and the average intraday trading volume over the past 10 days was 0.33 million shares, and the average trade volume was 221.92K shares over the past three months.
Jet.AI Inc (NASDAQ:JTAI) trade information
Jet.AI Inc (JTAI) registered a 6.40% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.40% in intraday trading to $6.48, hitting a weekly high. The stock’s 5-day price performance is 21.12%, and it has moved by -64.53% in 30 days. Based on these gigs, the overall price performance for the year is -98.08%. The short interest in Jet.AI Inc (NASDAQ:JTAI) is 48248.0 shares and it means that shorts have 0.11 day(s) to cover.
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Jet.AI Inc (JTAI) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 93.32% this quarter and then jump 97.44% in the quarter after that. In the rating firms’ projections, revenue will increase 19.11% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.7M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 3.9M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 4.18M and 3.85M respectively. In this case, analysts expect current quarter sales to shrink by -11.50% and then jump by 1.36% in the coming quarter.
While earnings are projected to return -16.77% in 2024.
JTAI Dividends
Jet.AI Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Jet.AI Inc (NASDAQ:JTAI)’s Major holders
Also, the Mutual Funds coming in first place with the largest holdings of Jet.AI Inc (JTAI) shares are Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Sep 30, 2024 indicates that Fidelity Extended Market Index Fund owns about 268.0 shares. This amounts to just over 0.03 percent of the company’s overall shares, with a $1669.0 market value. The same data shows that the other fund manager holds slightly less at 191.0, or about 0.02% of the stock, which is worth about $1189.0.
