Jet.AI Inc (NASDAQ: JTAI) kicked off on Monday, down -10.23% from the previous trading day, before settling in for the closing price of $0.04. Over the past 52 weeks, JTAI has traded in a range of $0.04-$4.47.
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A company in the Technology sector has dropped its sales by -22.07% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 0.00%. With a float of $19.71 million, this company’s outstanding shares have now reached $24.58 million.
In an organization with 9 employees, it is important to assess its efficiency. 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 19.81%, while institutional ownership is 14.09%.
Jet.AI Inc (JTAI) Latest Financial update
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 0.00% 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 0.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.48, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach -0.03 in one year’s time.
Technical Analysis of Jet.AI Inc (JTAI)
Let’s dig in a bit further. During the last 5-days, its volume was 42.04 million. That was better than the volume of 13.08 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 8.51%. Additionally, its Average True Range was 0.02.
During the past 100 days, Jet.AI Inc’s (JTAI) raw stochastic average was set at 0.24%, which indicates a significant decrease from 1.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 142.60% in the past 14 days, which was higher than the 130.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.0954, while its 200-day Moving Average is $0.4876. However, in the short run, Jet.AI Inc’s stock first resistance to watch stands at $0.0446. Second resistance stands at $0.0505. The third major resistance level sits at $0.0541. If the price goes on to break the first support level at $0.0351, it is likely to go to the next support level at $0.0315. The third support level lies at $0.0256 if the price breaches the second support level.
Jet.AI Inc (NASDAQ: JTAI) Key Stats
The company with the Market Capitalisation of 4.43 million has total of 64,255K 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.
