Jet.AI (NASDAQ:JTAI) Stock Price Down 1.2%

Jet.AI Inc. (NASDAQ:JTAIGet Free Report)’s stock price traded down 1.2% during mid-day trading on Friday . The company traded as low as $0.68 and last traded at $0.69. 66,063 shares were traded during trading, a decline of 33% from the average session volume of 99,037 shares. The stock had previously closed at $0.70.

Jet.AI Stock Down 1.2 %

The stock has a market capitalization of $8.42 million, a P/E ratio of 10.75 and a beta of 0.57. The business has a fifty day moving average price of $0.82 and a 200-day moving average price of $1.23.

Jet.AI (NASDAQ:JTAIGet Free Report) last posted its quarterly earnings data on Monday, April 1st. The company reported ($0.23) EPS for the quarter. The company had revenue of $4.18 million during the quarter.

Institutional Trading of Jet.AI

An institutional investor recently bought a new position in Jet.AI stock. Meteora Capital LLC acquired a new stake in shares of Jet.AI Inc. (NASDAQ:JTAIFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 339,186 shares of the company’s stock, valued at approximately $1,094,000. Meteora Capital LLC owned about 3.89% of Jet.AI as of its most recent filing with the Securities and Exchange Commission (SEC). 5.51% of the stock is owned by hedge funds and other institutional investors.

Jet.AI Company Profile

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Jet.AI Inc primarily engages in the development and operation of private aviation platforms. The company operates CharterGPT, a booking platform that functions as a prospecting and quoting platform to arrange private jet travel with its aircrafts and third-party carriers. It also provides Flight Club API, an aviation software, that enables FAA Part 135 operators to function simultaneously under FAA Part 380 which permits sale of private jet service by the seat instead of by whole aircraft.

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