Jet.AI (NASDAQ:JTAI) Announces Quarterly Earnings Results

Jet.AI (NASDAQ:JTAI) announced its quarterly earnings data on Friday. The company reported ($0.62) earnings per share (EPS) for the quarter, Zacks reports. Jet.AI had a negative net margin of 103.18% and a negative return on equity of 107.36%. The business had revenue of $1.77 million during the quarter.

Jet.AI Trading Down 7.7%

Shares of JTAI stock traded down $0.01 on Friday, reaching $0.11. The company had a trading volume of 13,946,710 shares, compared to its average volume of 30,463,210. The stock has a market cap of $4.05 million, a PE ratio of -0.03 and a beta of -0.15. The company has a 50-day moving average of $0.29 and a 200-day moving average of $1.72. Jet.AI has a 12 month low of $0.09 and a 12 month high of $6.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Jet.AI in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Jet.AI presently has a consensus rating of “Hold” and an average price target of $11.00.

About Jet.AI

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.