Jet.AI (NASDAQ:JTAI – Get Free Report) posted its earnings results on Friday. The company reported ($1.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($1.53), FiscalAI reports. Jet.AI had a negative return on equity of 47.89% and a net margin of 68.77%.The company had revenue of $5.32 million for the quarter, compared to analysts’ expectations of $1.10 million.
Jet.AI Stock Performance
NASDAQ JTAI traded down $0.08 on Friday, hitting $1.71. The stock had a trading volume of 144,152 shares, compared to its average volume of 576,269. Jet.AI has a 52-week low of $1.62 and a 52-week high of $800.00. The company has a market capitalization of $2.43 million, a price-to-earnings ratio of 0.01 and a beta of -0.31. The firm has a 50-day moving average of $4.66 and a 200-day moving average of $12.50.
Wall Street Analysts Forecast Growth
JTAI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Jet.AI in a research note on Tuesday, June 16th. Wall Street Zen downgraded Jet.AI from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Jet.AI presently has a consensus rating of “Hold” and an average price target of $2,200.00.
Jet.AI Company Profile
Jet.AI Inc primarily engages in the development and operation of private aviation platforms. The company operates CharterGPT, a booking platform that functions as a prospecting and quoting platform to arrange private jet travel with its aircrafts and third-party carriers. It also provides Reroute AI software that recycles aircraft waiting to return to base into prospective new charter bookings to destinations within specific distances; and DynoFlight, a software application programming interface (API), which enables aircraft operators to track and estimate emissions, and purchase carbon offset credits.
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