Jet.AI Inc (NASDAQ: JTAI) Recovers 14.81% From 52-Week Low, Is JTAI Still A High-Risk, High-Reward Play?

Jet.AI Inc (NASDAQ:JTAI) currently has a daily average trading volume of 1.37M but it saw 1745174 shares traded in last market. With a market cap of 3.91M USD, the company’s current market price of $0.28 came falling about -4.91 while comparing to the previous closing price of $0.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.50 and as low as $0.24.

Taking a look at 20-day trading activity of Jet.AI Inc (JTAI) gives us an average price of $0.3239, while its current price level is -98.41% below from 52-week high level whereas it is 14.81% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.4504 while that of 200 days or SMA-200 reads an average of $1.0366. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.84% during that period while stretching the period over a month that decreases to 16.30%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 38.63 which implies that the stock is in neutral territory.

Over the week, JTAI’s stock price is moving -17.19% down while it is -7.03% when we observe its performance for the past one month. Year-to-date it is -80.62% down and over the past year, the stock is showing a downside performance of -97.29%.

Currently, Jet.AI Inc’s total number of outstanding shares is 9.75M. Company’s return on equity (ROE) at -453.99%. Stock’s beta reads 0.37. Stock has a price to sale or P/S ratio amounts to 0.34. Its return on asset (ROA) is -112.11% on average.