Jet.AI (NASDAQ:JTAI) Rating Lowered to “Strong Sell” at Wall Street Zen

Jet.AI (NASDAQ:JTAI – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “strong sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Jet.AI from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jet.AI has a consensus rating of “Sell”.

View Our Latest Research Report on JTAI

Jet.AI Stock Performance

JTAI opened at $1.55 on Friday. The firm has a market cap of $2.20 million, a price-to-earnings ratio of 0.00 and a beta of -0.35. Jet.AI has a 12 month low of $1.20 and a 12 month high of $680.00. The stock has a fifty day moving average price of $1.60 and a 200-day moving average price of $6.01.

Jet.AI (NASDAQ:JTAI – Get Free Report) last issued its quarterly earnings data 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). Jet.AI had a net margin of 49.49% and a negative return on equity of 34.68%. The company had revenue of $5.32 million for the quarter, compared to the consensus estimate of $1.10 million. On average, equities research analysts forecast that Jet.AI will post -8.52 EPS for the current year.

Jet.AI Company Profile

(Get Free Report)

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.

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