Jet.AI (NASDAQ:JTAI) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen lowered shares of Jet.AI (NASDAQ:JTAI) from a hold rating to a strong sell rating in a report issued on Saturday,Wall Street Zen reports.

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

Jet.AI Stock Up 2.0%

NASDAQ JTAI opened at $1.55 on Friday. Jet.AI has a fifty-two week low of $1.20 and a fifty-two week high of $680.00. The business has a 50 day moving average price of $1.60 and a two-hundred day moving average price of $6.10. The stock has a market cap of $2.20 million, a PE ratio of 0.00 and a beta of -0.35.

Jet.AI (NASDAQ:JTAI) last posted its quarterly earnings data on Friday, August 14th. The company reported ($1.72) earnings per share (EPS) 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 firm had revenue of $5.32 million for the quarter, compared to analysts’ expectations of $1.10 million. Sell-side analysts anticipate that Jet.AI will post -8.52 EPS for the current fiscal year.

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.