With 1.30M Outstanding Shares, Can Jet.AI Inc (NASDAQ: JTAI) Deliver Big Short-Term Gains?

Jet.AI Inc (NASDAQ:JTAI) currently has a daily average trading volume of 1.22M but it saw 137082 shares traded in last market. With a market cap of 4.88M USD, the company’s current market price of $3.75 came falling about -8.54 while comparing to the previous closing price of $4.10. In past 52 weeks, the stock remained buoying in the range of price level as high as $351.00 and as low as $3.29. In the recent trading on the day, stock has struck highest price mark of $3.7 while lowest mark touched by it was $4.195.

Taking a look at 20-day trading activity of Jet.AI Inc (JTAI) gives us an average price of $4.50, while its current price level is -98.93% below from 52-week high level whereas it is 13.98% 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 $6.80 while that of 200 days or SMA-200 reads an average of $71.16. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.48% during that period while stretching the period over a month that increases to 19.42%. 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 37.02 which implies that the stock is in neutral territory.

Over the week, JTAI’s stock price is moving -17.40% down while it is -6.25% when we observe its performance for the past one month. Year-to-date it is -17.40% down and over the past year, the stock is showing a downside performance of -98.82%.

Currently, Jet.AI Inc’s total number of outstanding shares is 1.30M. Company’s return on equity (ROE) at -809.85%. Stock’s beta reads -0.01. Stock has a price to sale or P/S ratio amounts to 0.32. Its return on asset (ROA) is -307.17% on average.