Jet.AI (NASDAQ:JTAI) Announces Earnings Results

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

Jet.AI Trading Down 7.7%

Shares of JTAI traded down $0.01 during mid-day trading on Friday, hitting $0.11. The company’s stock had a trading volume of 13,946,710 shares, compared to its average volume of 30,463,210. The firm has a market capitalization of $4.05 million, a price-to-earnings ratio of -0.03 and a beta of -0.15. Jet.AI has a 52-week low of $0.09 and a 52-week high of $6.35. The company’s 50-day moving average is $0.29 and its 200-day moving average is $1.72.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Jet.AI in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.00.

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.