Why Jet.AI Inc (JTAI) Stock Could See Much Higher Prices Ahead

Jet.AI Inc (NASDAQ: JTAI) is -93.18% lower on its value in year-to-date trading and has touched a low of $0.08 and a high of $4.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The JTAI stock was last observed hovering at around $0.10 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.10, the stock is -21.17% and -51.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing -4.20% at the moment leaves the stock -87.17% off its SMA200. JTAI registered -97.09% loss for a year compared to 6-month loss of -89.38%. The firm has a 50-day simple moving average (SMA 50) of $0.19942 and a 200-day simple moving average (SMA200) of $0.750485.

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The stock witnessed a -43.98% gain in the last 1 month and extending the period to 3 months gives it a -70.96%, and is -10.97% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.94% over the week and 13.72% over the month.

Jet.AI Inc (JTAI) has around 9 employees, a market worth around $2.41M and $14.48M in sales. Profit margin for the company is -96.72%. Distance from 52-week low is 15.67% and -97.80% from its 52-week high.

with sales reaching $6.38M over the same period.The EPS is expected to shrink by -18.92% this year, but quarterly earnings will post 39.30% year-over-year.

Jet.AI Inc (JTAI) Top Institutional Holders

17.0 institutions hold shares in Jet.AI Inc (JTAI), with institutional investors hold 1.03% of the company’s shares. The shares outstanding are 24.58M, and float is at 13.22M with Short Float at 6.38%. Institutions hold 0.59% of the Float.