Global Crossing Airlines Group (OTCMKTS:JETMF) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.67 and traded as low as $0.6411. Global Crossing Airlines Group shares last traded at $0.6440, with a volume of 2,945 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on JETMF shares. Litchfield Hills Research initiated coverage on shares of Global Crossing Airlines Group in a report on Monday, June 22nd. They issued a “buy” rating on the stock. Zacks Research upgraded Global Crossing Airlines Group to a “hold” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Global Crossing Airlines Group currently has a consensus rating of “Moderate Buy”.

Global Crossing Airlines Group Trading Up 0.6%

The business has a 50-day moving average of $0.67 and a 200 day moving average of $0.62. The firm has a market capitalization of $43.03 million, a PE ratio of -64.40 and a beta of 1.00.

Global Crossing Airlines Group (OTCMKTS:JETMF) last posted its earnings results on Wednesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. The firm had revenue of $76.57 million during the quarter, compared to the consensus estimate of $60.53 million. On average, sell-side analysts expect that Global Crossing Airlines Group Inc. will post 0.29 EPS for the current fiscal year.

About Global Crossing Airlines Group

Global Crossing Airlines Group (OTCMKTS: JETMF) is an aviation holding company whose principal subsidiary, GlobalX Airlines, provides passenger charter, scheduled and ACMI (aircraft, crew, maintenance and insurance) services. The company operates a fleet of narrow-body aircraft, primarily Airbus A320‐family jets, configured to support leisure and charter markets, air-bridge operations and ad hoc charters.

The company’s main business activities include on-demand charter flights for tour operators, cruise lines and corporate clients, as well as scheduled service linking key U.S.