Jet.AI Inc (NASDAQ: JTAI) on Monday, plunged -5.30% from the previous trading day, before settling in for the closing price of $0.26. Within the past 52 weeks, JTAI’s price has moved between $0.24 and $17.50.
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Technology Sector giant saw their annual sales slid by -22.07% over the last five years. The company achieved an average annual earnings per share of -32.43%. With a float of $8.04 million, this company’s outstanding shares have now reached $9.75 million.
The firm has a total of 9 workers. Let’s measure their productivity.
Jet.AI Inc (JTAI) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Jet.AI Inc is 42.62%, while institutional ownership is 5.60%.
Jet.AI Inc (JTAI) Earnings and Forecasts
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported -1.23 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.18) by -1.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -32.43% per share during the next fiscal year.
Jet.AI Inc (NASDAQ: JTAI) Trading Performance Indicators
Jet.AI Inc (JTAI) is currently performing well based on its current performance indicators. A quick ratio of 0.55 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.17, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.33 in one year’s time.
Technical Analysis of Jet.AI Inc (JTAI)
Analysing the last 5-days average volume posted by the [Jet.AI Inc, JTAI], we can find that recorded value of 13.14 million was better than the volume posted last year of 1.58 million. As of the previous 9 days, the stock’s Stochastic %D was 14.36%. Additionally, its Average True Range was 0.06.
During the past 100 days, Jet.AI Inc’s (JTAI) raw stochastic average was set at 2.34%, which indicates a significant decrease from 13.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 156.04% in the past 14 days, which was higher than the 128.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4340, while its 200-day Moving Average is $1.0148. Now, the first resistance to watch is $0.2858. This is followed by the second major resistance level at $0.3217. The third major resistance level sits at $0.3533. If the price goes on to break the first support level at $0.2183, it is likely to go to the next support level at $0.1867. Should the price break the second support level, the third support level stands at $0.1508.
Jet.AI Inc (NASDAQ: JTAI) Key Stats
Market capitalization of the company is 3.50 million based on 12,721K outstanding shares. Right now, sales total 12,210 K and income totals -12,620 K. The company made 3,850 K in profit during its latest quarter, and -3,230 K in sales during its previous quarter.
