Look Past The Setbacks And Give Jet.AI Inc (NASDAQ: JTAI) Another Chance

Jet.AI Inc (NASDAQ:JTAI) currently has a daily average trading volume of 1.87M but it saw 1261702 shares traded in last market. With a market cap of 3.27M USD, the company’s current market price of $0.13 came falling about -4.86 while comparing to the previous closing price of $0.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.47 and as low as $0.14. In the recent trading on the day, stock has struck highest price mark of $0.126 while lowest mark touched by it was $0.1448.

Taking a look at 20-day trading activity of Jet.AI Inc (JTAI) gives us an average price of $0.2003, while its current price level is -97.02% below from 52-week high level whereas it is -2.13% 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 $0.2720 while that of 200 days or SMA-200 reads an average of $0.8739. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.86% during that period while stretching the period over a month that decreases to 11.40%. 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 23.25 which implies that the stock is in oversold territory.

Over the week, JTAI’s stock price is moving -24.07% down while it is -44.59% when we observe its performance for the past one month. Year-to-date it is -90.76% down and over the past year, the stock is showing a downside performance of -96.59%.

Currently, Jet.AI Inc’s total number of outstanding shares is 9.75M. Company’s return on equity (ROE) at -809.85%. Stock’s beta reads 0.28. Stock has a price to sale or P/S ratio amounts to 0.23. Its return on asset (ROA) is -160.09% on average.