Jet.AI (NASDAQ:JTAI) Trading Up 4.7% – What’s Next?

Jet.AI Inc. (NASDAQ:JTAI)’s share price traded up 4.7% on Tuesday . The company traded as high as $1.86 and last traded at $1.80. 60,252 shares traded hands during trading, a decline of 36% from the average session volume of 93,703 shares. The stock had previously closed at $1.72.

Analysts Set New Price Targets

Several brokerages have weighed in on JTAI. Maxim Group reduced their price objective on Jet.AI from $20.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Jet.AI in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Jet.AI presently has an average rating of “Hold” and an average target price of $11.00.

Jet.AI Stock Up 4.7%

The company has a market capitalization of $7.07 million, a PE ratio of -0.54 and a beta of -0.22. The firm’s 50-day moving average is $2.66 and its 200-day moving average is $3.27.

Jet.AI (NASDAQ:JTAI) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.11). Jet.AI had a negative return on equity of 107.36% and a negative net margin of 103.18%.The firm had revenue of $1.71 million for the quarter, compared to the consensus estimate of $2.10 million.

About Jet.AI

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 Reroute AI software that recycles aircraft waiting to return to base into prospective new charter bookings to destinations within specific distances; and DynoFlight, a software application programming interface (API), which enables aircraft operators to track and estimate emissions, and purchase carbon offset credits.