Jet.AI Inc (NASDAQ: JTAI) – Time For Strategy Change?

Jet.AI Inc (NASDAQ:JTAI) currently has a daily average trading volume of 22.49M but it saw 23823987 shares traded in last market. With a market cap of 2.12M USD, the company’s current market price of $0.09 came falling about -7.32 while comparing to the previous closing price of $0.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.47 and as low as $0.08. In the recent trading on the day, stock has struck highest price mark of $0.0822 while lowest mark touched by it was $0.0915.

Taking a look at 20-day trading activity of Jet.AI Inc (JTAI) gives us an average price of $0.0969, while its current price level is -98.07% below from 52-week high level whereas it is 11.96% 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 $0.1464 while that of 200 days or SMA-200 reads an average of $0.5932. A closer look into the stock’s movement over the week reveals that its volatility is standing at 67.58% during that period while stretching the period over a month that decreases to 27.53%. 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 36.84 which implies that the stock is in neutral territory.

Over the week, JTAI’s stock price is moving -7.02% down while it is -30.28% when we observe its performance for the past one month. Year-to-date it is -94.02% down and over the past year, the stock is showing a downside performance of -96.44%.

Currently, Jet.AI Inc’s total number of outstanding shares is 24.58M. Company’s return on equity (ROE) at -809.85%. Stock’s beta reads 0.26. Stock has a price to sale or P/S ratio amounts to 0.15. Its return on asset (ROA) is -160.09% on average.