A new trading day began on Monday, with Jet.AI Inc (NASDAQ: JTAI) stock price up 3.09% from the previous day of trading, before settling in for the closing price of $0.07. JTAI’s price has ranged from $0.07 to $4.47 over the past 52 weeks.
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During the last 5-year period, the sales drop of Technology Sector giant was -22.07%. Meanwhile, its annual earnings per share averaged -18.92%. With a float of $21.46 million, this company’s outstanding shares have now reached $24.58 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Jet.AI Inc is 12.68%, while institutional ownership is 14.09%.
Jet.AI Inc (JTAI) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -1.23 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are Jet.AI Inc’s current performance indicators. According to the last quarter’s results, the 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 0.12.
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)
Looking closely at Jet.AI Inc (NASDAQ: JTAI), its last 5-days average volume was 56.33 million, which is a jump from its year-to-date volume of 11.89 million. As of the previous 9 days, the stock’s Stochastic %D was 2.53%. Additionally, its Average True Range was 0.02.
During the past 100 days, Jet.AI Inc’s (JTAI) raw stochastic average was set at 0.52%, which indicates a significant decrease from 1.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 174.26% in the past 14 days, which was higher than the 122.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1211, while its 200-day Moving Average is $0.5419. However, in the short run, Jet.AI Inc’s stock first resistance to watch stands at $0.0740. Second resistance stands at $0.0780. The third major resistance level sits at $0.0800. If the price goes on to break the first support level at $0.0680, it is likely to go to the next support level at $0.0660. Should the price break the second support level, the third support level stands at $0.0620.
Jet.AI Inc (NASDAQ: JTAI) Key Stats
With a market capitalization of 1.72 million, the company has a total of 12,721K Shares Outstanding. Currently, annual sales are 12,210 K while annual income is -12,620 K. The company’s previous quarter sales were 3,080 K while its latest quarter income was -3,220 K.
