Jet.AI (NASDAQ:JTAI) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Jet.AI (NASDAQ:JTAI) to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Jet.AI from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jet.AI presently has a consensus rating of “Sell”.

Jet.AI Price Performance

Shares of Jet.AI stock opened at $1.38 on Friday. Jet.AI has a 1 year low of $1.20 and a 1 year high of $800.00. The business has a 50 day moving average price of $1.88 and a 200 day moving average price of $7.45. The company has a market capitalization of $1.95 million, a P/E ratio of 0.00 and a beta of -0.33.

Jet.AI (NASDAQ:JTAI) last released its quarterly earnings results on Friday, August 14th. The company reported ($1.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.53). The company had revenue of $5.32 million during the quarter, compared to analyst estimates of $1.10 million. Jet.AI had a negative return on equity of 34.68% and a net margin of 49.49%.

Jet.AI Company Profile

Jet.AI Inc is a technology and private aviation company that develops software and provides aircraft services for private jet travel. Its business combines artificial intelligence tools with on-demand charter, aircraft management and aviation operations.

The company’s software platform includes CharterGPT, an AI-enabled interface designed to help users search for and book private jet flights using natural-language requests. Jet.AI also provides tools intended to support charter operators, brokers and other aviation businesses with flight planning, quoting and customer-management activities.

Through its aviation operations, Jet.AI offers private aircraft charter and related services, including aircraft management and brokerage.