Are Analysts Too Bullish On Jet.AI Inc (JTAI)

Jet.AI Inc (NASDAQ:JTAI) currently has a daily average trading volume of 36.21M but it saw 27540228 shares traded in last market. With a market cap of 9.67M USD, the company’s current market price of $0.06 came falling about -7.08 while comparing to the previous closing price of $0.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.47 and as low as $0.06. In the recent trading on the day, stock has struck highest price mark of $0.062 while lowest mark touched by it was $0.07.

Taking a look at 20-day trading activity of Jet.AI Inc (JTAI) gives us an average price of $0.0867, while its current price level is -98.59% below from 52-week high level whereas it is 1.45% 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 $0.1155 while that of 200 days or SMA-200 reads an average of $0.5291. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.17% during that period while stretching the period over a month that increases to 29.80%. 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 33.32 which implies that the stock is in neutral territory.

Over the week, JTAI’s stock price is moving -29.69% down while it is -30.54% when we observe its performance for the past one month. Year-to-date it is -95.63% down and over the past year, the stock is showing a downside performance of -95.86%.

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 0.25. Stock has a price to sale or P/S ratio amounts to 0.67. Its return on asset (ROA) is -160.09% on average.