Jet.AI Inc (NASDAQ:JTAI) finished Friday with a subtraction of -$1.97 to close at $6.63, a downside of -22.91 percent. An average of 432,800 shares of common stock have been traded in the last five days. There was a fall of -$4.60 in the past week, and it reached a new high 39 times over the past 12 months. The last 20 days have seen an average of 124,355 shares traded, while the 50-day average volume stands at 50,830.
JTAI stock has decreased by -39.34% in the last month. The company shares reached their 1-month lowest point of $5.31 on 08/11/23. With the stock rallying to its 52-week high on 08/07/23, shares of the company touched a low of $7.91 and a high of $17.50 in 52 weeks. It has reached a new high 22 times so far this year and lost -36.56% or -$3.82 in price. In spite of this, the price is down -62.11% from the 52-week high.
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Valuation Metrics
Jet.AI Inc (JTAI) has a trailing price-to-earnings (P/E) ratio of 25.31. The stock’s beta is 0.12. Other valuation ratios to consider include the price-to-book (PB) ratio at 3.77.
Financial Health
The quick ratio of Jet.AI Inc for the recent quarter was 38.40, and the current ratio was 38.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.00 for the recent quarter.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Jet.AI Inc’s return on assets was 4.90%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Jet.AI Inc (JTAI) price momentum. RSI 9-day as of the close on 11 August was 21.35%, suggesting the stock is oversold, with historical volatility in this time frame at 181.66%.
As of today, JTAI’s price is $8.72 -40.96% or -$4.60 from its 5-day moving average. JTAI is currently trading -39.29% lower than its 20-day SMA and -35.76% lower than its 100-day SMA. However, the stock’s current price level is -38.84% below the SMA50 and -34.03% below the SMA200.
The stochastic %K and %D were 13.24% and 14.12%, respectively, and the average true range (ATR) was 1.85. With the 14-day stochastic at 10.83% and the average true range at 1.36, the RSI (14) stands at 23.63%. The stock has reached -1.34 on the 9-day MACD Oscillator while the 14-day reading was at -1.84.
