Jet.AI Inc (NASDAQ: JTAI) kicked off on Monday, down -3.03% from the previous trading daybefore settling in for the closing price of $0.13. Over the past 52 weeks, JTAI has traded in a range of $0.11-$4.47.
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Annual sales at Technology sector company slipped by -22.07% over the past five years. While this was happening, its average annual earnings per share was recorded -18.92%. With a float of $13.22 million, this company’s outstanding shares have now reached $24.58 million.
Let’s look at the performance matrix of the company that is accounted for 9 employees. In terms of profitability, gross margin is -3.07%, operating margin of -94.71%, and the pretax margin is -95.97%.
Jet.AI Inc (JTAI) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Jet.AI Inc is 46.21%, while institutional ownership is 2.79%.
Jet.AI Inc (JTAI) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -1.23 earnings per share (EPS), lower than consensus estimate (set at -0.18) by -1.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -18.92% per share during the next fiscal year.
Jet.AI Inc (NASDAQ: JTAI) Trading Performance Indicators
Take a look at Jet.AI Inc’s (JTAI) current performance indicators. Last quarter, stock had a quick ratio of 0.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.48, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.19 in one year’s time.
Technical Analysis of Jet.AI Inc (JTAI)
Jet.AI Inc (NASDAQ: JTAI) saw its 5-day average volume 1.47 million, a negative change from its year-to-date volume of 1.56 million. As of the previous 9 days, the stock’s Stochastic %D was 37.61%. Additionally, its Average True Range was 0.02.
During the past 100 days, Jet.AI Inc’s (JTAI) raw stochastic average was set at 2.44%, which indicates a significant decrease from 18.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 82.24% in the past 14 days, which was lower than the 96.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2405, while its 200-day Moving Average is $0.8248. Nevertheless, the first resistance level for the watch stands at $0.1329 in the near term. At $0.1379, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.1428. If the price goes on to break the first support level at $0.1230, it is likely to go to the next support level at $0.1181. The third support level lies at $0.1131 if the price breaches the second support level.
Jet.AI Inc (NASDAQ: JTAI) Key Stats
The company with the Market Capitalisation of 3.15 million has total of 12,721K Shares Outstanding. Its annual sales at the moment are 12,210 K in contrast with the sum of -12,620 K annual income. Company’s last quarter sales were recorded 3,080 K and last quarter income was -3,220 K.
