Jet.AI Inc [NASDAQ: JTAI] loss -11.09% or -0.01 points to close at $0.10 with a heavy trading volume of 5391468 shares.
The daily chart for JTAI points out that the company has recorded -89.81% loss over the past six months.
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If we look at the average trading volume of 2.06M shares, JTAI reached to a volume of 5391468 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Jet.AI Inc [JTAI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JTAI shares is $1.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JTAI stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Jet.AI Inc is set at 0.02, with the Price to Sales ratio for JTAI stock in the period of the last 12 months amounting to 0.16.
Trading performance analysis for JTAI stock
Jet.AI Inc [JTAI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.78. With this latest performance, JTAI shares dropped by -50.44% in over the last four-week period, additionally sinking by -89.81% over the last 6 months – not to mention a drop of -96.87% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JTAI stock in for the last two-week period is set at 23.99, with the RSI for the last a single of trading hit 21.14, and the three-weeks RSI is set at 26.91 for Jet.AI Inc [JTAI]. The present Moving Average for the last 50 days of trading for this stock 0.2087, while it was recorded at 0.1082 for the last single week of trading, and 0.7726 for the last 200 days.
Jet.AI Inc [JTAI]: A deeper dive into fundamental analysis
Jet.AI Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.33 and a Current Ratio set at 0.33.
An analysis of Institutional ownership at Jet.AI Inc [JTAI]
There are presently around $0.59%, or 1.01%% of JTAI stock, in the hands of institutional investors.
