Jet.AI Inc (NASDAQ: JTAI) on Friday, plunged -5.04% from the previous trading day, before settling in for the closing price of $4.17. Within the past 52 weeks, JTAI’s price has moved between $2.30 and $166.50.
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A company in the Technology sector has dropped its sales by -9.78% annually for the last half of the decade. The company achieved an average annual earnings per share of 93.03%. With a float of $2.48 million, this company’s outstanding shares have now reached $2.55 million.
In an organization with 8 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -7.0%, operating margin of -92.23%, and the pretax margin is -92.86%.
Jet.AI Inc (JTAI) Insider and Institutional Ownership
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Jet.AI Inc is 2.85%, while institutional ownership is 3.33%.
Jet.AI Inc (JTAI) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.59 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 93.03% 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 2.90 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 0.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -104.00, a number that is poised to hit -0.64 in the next quarter and is forecasted to reach -1.04 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 67980.0. That was inferior than the volume of 3.17 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 25.00%. Additionally, its Average True Range was 0.32.
During the past 100 days, Jet.AI Inc’s (JTAI) raw stochastic average was set at 17.53%, which indicates a significant increase from 5.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.61% in the past 14 days, which was lower than the 234.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.27, while its 200-day Moving Average is $12.64. However, in the short run, Jet.AI Inc’s stock first resistance to watch stands at $4.10. Second resistance stands at $4.25. The third major resistance level sits at $4.32. If the price goes on to break the first support level at $3.88, it is likely to go to the next support level at $3.81. The third support level lies at $3.66 if the price breaches the second support level.
Jet.AI Inc (NASDAQ: JTAI) Key Stats
Market capitalization of the company is 10.10 million based on 1,302K outstanding shares. Right now, sales total 14,020 K and income totals -12,730 K. The company made 3,480 K in profit during its latest quarter, and -3,170 K in sales during its previous quarter.
