Wall Street Zen Upgrades Jet.AI (NASDAQ:JTAI) to “Hold”

Jet.AI (NASDAQ:JTAI) was upgraded by analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

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

Jet.AI Stock Performance

Shares of JTAI opened at $1.38 on Friday. Jet.AI has a 12 month low of $1.20 and a 12 month high of $800.00. The firm has a fifty day simple moving average of $1.88 and a 200 day simple moving average of $7.35. The stock has a market capitalization of $1.95 million, a price-to-earnings ratio of 0.00 and a beta of -0.33.

Jet.AI (NASDAQ:JTAI) last released its 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). Jet.AI had a net margin of 49.49% and a negative return on equity of 34.68%. The business had revenue of $5.32 million during the quarter, compared to the consensus estimate of $1.10 million.

About Jet.AI

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.